Question

the events X and Y are mutually exclusive. Suppose P(X) = 0.13 and P(Y) = 0.11....

the events X and Y are mutually exclusive. Suppose P(X) = 0.13 and P(Y) = 0.11. What is the probability of either X or Y occurring? (Round your answer to 2 decimal places.) What is the probability that neither X nor Y will happen? (Round your answer to 2 decimal places.) Next

Homework Answers

Answer #1

Solution :

Two two events X and Y are mutually exclusive.

P(X) = 0.13 and P(Y) = 0.11

a) We have to obtain P(X or Y).

If two events X and Y are mutually exclusive then,

P(X or Y) = P(X) + P(Y)

Hence, P(X or Y) = 0.13 + 0.11 = 0.24

P(X or Y) = 0.24

The probability of either X or Y occuring is 0.24.

b) We have to obtain P(neither X nor Y).

P(neither X nor Y) = 1 - P(X or Y)

P(neither X nor Y) = 1 - 0.24

P(neither X nor Y) = 0.76

The probability that neither X nor Y will happen is 0.76.

Please rate the answer. Thank you.

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
The events X and Y are mutually exclusive. suppose P(X) = 0.18 and P(Y) = 0.16...
The events X and Y are mutually exclusive. suppose P(X) = 0.18 and P(Y) = 0.16 What is the probability of either occurring? What is the probability that neither will happen?
Let P(A) = 0.40, P(B) = 0.35, and P(A ∩ B) = 0.13. a. Are A...
Let P(A) = 0.40, P(B) = 0.35, and P(A ∩ B) = 0.13. a. Are A and B independent events? A. Yes because P(A | B) = P(A). B. Yes because P(A ∩ B) ≠ 0. C. No because P(A | B) ≠ P(A). D. No because P(A ∩ B) ≠ 0. b. Are A and B mutually exclusive events? A. Yes because P(A | B) = P(A). B. Yes because P(A ∩ B) ≠ 0. C. No because P(A...
Events Y and Z are mutually exclusive. P(Y) = 5/8,  P(Z) = 1/16 . What is the...
Events Y and Z are mutually exclusive. P(Y) = 5/8,  P(Z) = 1/16 . What is the probability that either Y or Z will occur? Show your work.
(a) Assume A and B are mutually exclusive events, with P ( A ) = 0.36...
(a) Assume A and B are mutually exclusive events, with P ( A ) = 0.36 and P ( B ) = 0.61. Find P ( A ∩ B ). (b) Assume A and B are mutually exclusive events, with P ( A ) = 0.34 and P ( B ) = 0.48. Find P ( A ∪ B ). (c) Assume A and B are independent events, with P ( A ) = 0.13 and P ( B )...
Events A and B are mutually exclusive. Suppose event A occurs with probability 0.82 and event...
Events A and B are mutually exclusive. Suppose event A occurs with probability 0.82 and event B occurs with probability 0.03. Compute the probability that A occurs or B does not occur (or both). Compute the probability that either A occurs without B occurring or A and B both occur.
Events A and B are mutually exclusive. Suppose event A occurs with probability 0.57 and event...
Events A and B are mutually exclusive. Suppose event A occurs with probability 0.57 and event B occurs with probability 0.12. Compute the probability that A does not occur or B does not occur (or both). Compute the probability that neither the event A nor the event B occurs. (If necessary, consult a list of formulas.)
A given phenomenon has three events A,B, and C whose probabilities are given as 0.32, 0.23,...
A given phenomenon has three events A,B, and C whose probabilities are given as 0.32, 0.23, and 0.11 respectively a. What are the values of P(A and B), P(B and C), and P(C and A) if all three events A, B, and C are mutually exclusive b. What are the values of P(A and B), P(B and C), and P(C and A) if all three events A, B, and C are independent of one another c. What are the values...
determine where events b and c are independent, mutually exclusive both or neither. P(B) = 0.56...
determine where events b and c are independent, mutually exclusive both or neither. P(B) = 0.56 P(B and C) =0.12 P(C)=0.23
MIRR A firm is considering two mutually exclusive projects, X and Y, with the following cash...
MIRR A firm is considering two mutually exclusive projects, X and Y, with the following cash flows: 0 1 2 3 4 Project X -$1,000 $90 $320 $400 $700 Project Y -$1,000 $1,100 $90 $45 $45 The projects are equally risky, and their WACC is 12%. What is the MIRR of the project that maximizes shareholder value? Round your answer to two decimal places. Do not round your intermediate calculations. _____%
A firm is considering two mutually exclusive projects, X and Y, with the following cash flows:...
A firm is considering two mutually exclusive projects, X and Y, with the following cash flows: 0 1 2 3 4 Project X -$1,000 $100 $320 $430 $650 Project Y -$1,000 $1,000 $100 $50 $50 The projects are equally risky, and their WACC is 12%. What is the MIRR of the project that maximizes shareholder value? Round your answer to two decimal places. Do not round your intermediate calculations.
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT