SOLUTION: In a game, the probability of winning money is p = 0.16, the probability of losing money is p = 0.54, and the probability of breaking even is p = 0.30. What is the probability of w
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Question 1046819: In a game, the probability of winning money is p = 0.16, the probability of losing money is p = 0.54, and the probability of breaking even is p = 0.30. What is the probability of winning or losing money in this game?
Found 2 solutions by Fombitz, ewatrrr:
Answer by Fombitz(32388) (Show Source): You can put this solution on YOUR website!
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!
the probability of breaking even is p = 0.30
P(winning or losing money) = 1 - .30 = .70
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