Suppose you as manager of tennessee grilled pork will, Ask an Expert

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Suppose you, as manager of Tennessee Grilled Pork, will submit proposals for a small business loan and a city business grant to help fund the building of the new location you submitted to the management teams. The probability of acquiring the small business loan is .79 and the probability of obtaining the city business grant is .25. There is also a small chance, .09, you could be awarded both funding sources.

What is the probability of receiving either the loan or the grant?

What is the probability of receive neither the loan nor the grant?

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Statistics and Probability, Statistics

Category:- Statistics and Probability
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