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

Jase Patterson

28 June, 03:03

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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Bridget Stevens · 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