SOLUTION: A certain retail establishment accepts either the American Express or the VISA credit card. A total of 22 percent of its customers carry an American Express card, 58 percent carry

Algebra.Com
Question 1190754: A certain retail establishment accepts either the American Express or the VISA credit card. A
total of 22 percent of its customers carry an American Express card, 58 percent carry a VISA credit card, and 14 percent carry both. What is the probability that a customer will have at least
one of these cards?

Answer by ikleyn(52809)   (Show Source): You can put this solution on YOUR website!
.
A certain retail establishment accepts either the American Express or the VISA credit card. A
total of 22 percent of its customers carry an American Express card, 58 percent carry a VISA
credit card, and 14 percent carry both. What is the probability that a customer will have at least
one of these cards?
~~~~~~~~~~~~~~~~~~~~~

Apply a standard formula for the probability of a union


    P(American Express or Visa) = P(American Express) + P(Visa) - P(both)    

or

    P(American Express or Visa) = 22% + 58% - 14% = 66%.      ANSWER

Solved.



RELATED QUESTIONS

In a large city, 37% of all restaurants accept both master and visa credit cards, and 50% (answered by solver91311)
In a large city, 37% of all restaurants accept both master and visa credit cards, and 50% (answered by ikleyn)
last month visa credit card charged $42.65 in interest (finance charges) on a balance of... (answered by rfer)
I) An owner of a small business borrows money on three separate credit cards. X dollars... (answered by MathLover1)
One investigating company tracked all credit card purchases during 2012 and measured two... (answered by Fombitz)
A credit card company decides to study the frequency with which its cardholders charge... (answered by stanbon)
I need help understanding this problem. I am lost In the Ardmore Hotel, 20 percent of... (answered by stanbon)
In a large city, 37% of all restaurants accept both master and visa credit cards, and 50% (answered by ikleyn,math_tutor2020)
The First National Bank of Wilson has 700 checking account customers. A recent sample of... (answered by ewatrrr)