SOLUTION: The probabilities that a shop will make a profit and break even are 0.6 and 0.1 respectively. What is the probability that the shop will lose?

Algebra.Com
Question 1175583: The probabilities that a shop will make a profit and break even are 0.6 and 0.1 respectively. What is the probability that the shop will lose?

Answer by ikleyn(52778)   (Show Source): You can put this solution on YOUR website!
.

It is the COMPLEMENT to the sum  0.6 + 0.1 = 0.7,


i.e. the probability of lose is  1-0.7 = 0.3.    ANSWER

Solved.



RELATED QUESTIONS

The probabilities that a shop will make a profit and break even are 0.6 and 0.1... (answered by ikleyn)
1. The probabilities that a shop will make a profit and break even are 0.6 and 0.1... (answered by Solver92311,ikleyn)
Three companies A, B and C are competing for a contract to build a condominium. The... (answered by ikleyn)
Referring to the information below, what is the probability that he will receive anywhere (answered by ikleyn)
Referring to the information below, what is the probability that he will receive at least (answered by ikleyn)
Referring to the information below, what is the probability that he will receive fewer... (answered by ikleyn)
Find the errors in each of the following statements: (a) The probabilities that an... (answered by Fombitz)
A police department reports that the probabilities that 0, 1, 2, and 3 burglaries will... (answered by ewatrrr)
Suppose that an antique jewelry dealer is inter-ested in purchasing a gold necklace for... (answered by Shin123)