If the probability is 0.54 that Stock A will increase in value during the next month and the probability is 0.68 that Stock B will increase in value during the next month, what is the greatest possible value for the probability that neither of these two events will occur.

Question

Mathematics

Dayanara Cook

28 November, 05:11

If the probability is 0.54 that Stock A will increase in value during the next month and the probability is 0.68 that Stock B will increase in value during the next month, what is the greatest possible value for the probability that neither of these two events will occur.

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Answers (1)

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Colby Stephens · Answer 1

P (A) = 0.54

P (B) = 0.68

P' (A) = 1-0.54 = 0.46

P' (B) = 1 - 0.68 = 0.32

The probability of neither of both event will occur:

= P' (A) * P' (B)

=0.46 * 0.32

=0.1472