Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

"OR" for Dinner

Suppose a family says the probability that they will dine out on Friday is 60% and the probability that they will dine out on Saturday is 80%.

From this information, is it possible to find the probability that the family will dine out on Friday OR Saturday (or both)? Why or why not?

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M92597384

Have any Question?


Related Questions in Statistics and Probability

A quiz consists of 70 multiple choice questions each with

A quiz consists of 70 multiple choice? questions, each with five possible? answers, only one of which is correct. If a student guesses on each? question, what is the mean and standard deviation of the number of correct? ...

A doctor whats to exam prior medical records in an attempt

A doctor whats to exam prior medical records in an attempt to estimate the proportion of juvenile valley fever cases that escalated to spinal meningitis. He wants to estimate the proportion within 2% with 98% certainty. ...

1 a team of researchers have developed a new weight loss

1. A team of researchers have developed a new weight loss drug. They want to know if patients who use the new drug for two weeks lose any weight. The drug has some minor side effects including mild headaches and achiness ...

Suppose x is a normal random variable with mean mu 54 and

Suppose X is a normal random variable with mean μ = 54 and standard deviation σ =8.? Compute P(X > 42). (Round to four decimal places.)

Light travels at 186283 miles every second how many feet

Light travels at 186,283 miles every second. How many feet per hour does light travel? Round one decimal place if necessary.

Project q costs 240 it provides inflows of 120 per year for

Project Q costs 240. It provides inflows of 120 per year for three years. The cost of funds is 6%. Find the replacement chain value needed to compare it to a six year project.

Letnbspnmnbspv denote the normal random variable with

Let  N ( m ,  v ) denote the normal random variable with mean  m  and  variance   v . (a) If  X  is a  Standard Normal  variable, what is the distribution of the random variable 4 X  - 1? (b) If  X  ~  N (3,1) and  Y  ~  ...

A die is rolled four times what is the probability that the

A die is rolled four times. What is the probability that the sum of four numbers equals 13?

Consider a borrower that is approved for a standard 10-year

Consider a borrower that is approved for a standard 10-year, fully amortizing house mortgage with an original balance of $500,000 and a note rate(annual interest rate) of 4.8% (Standard refers to a fixed rate mortgage co ...

You can invest money each month at 6 percent interest

You can invest money each month at 6 percent interest compounded monthly over the next 30 years. In 30 years, you will take all the money you invested and put it into an account earning 8 percent compounded monthly. Then ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As