The probability that a particular firm will go bankrupt is 0.3 and the probability it will...

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The probability that a particular firm will go bankrupt is 0.3 and the probability it will...

The probability that a particular firm will go bankrupt is 0.3 and the probability it will make a loss is 0.35. The probability of both events occurring is 0.14. What is the probability that at least one of these events will occur?

math Statistics-And-Probability

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Answer 1

Answer #1

P(bankrupt) = 0.3

P(loss) = 0.35

P(both) = 0.14

P(A or B) = 0.3 + 0.35 - 0.14 = 0.51

Probability that at least one of these occur = 0.51

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Answer 2

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