document.write( "Question 1138708: A retailer estimated that the probability that the practice of basic commodity will increase, decrease, or
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document.write( "remain unchanged during a given month is 0.35, 0.10, and 0.55 respectively. What is the probability
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document.write( "that the price of the commodity will change during the month?
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Algebra.Com's Answer #756598 by greenestamps(13200)![]() ![]() You can put this solution on YOUR website! \n" ); document.write( "P(change) = P(increase OR decrease) = P(increase) + P(decrease) = 0.35+0.10 = 0.45. \n" ); document.write( "OR... \n" ); document.write( "P(change) = 1 - P(unchanged) = 1-0.55 = 0.45. \n" ); document.write( " |