SOLUTION: 1. 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 ->  Probability-and-statistics -> SOLUTION: 1. 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      Log On


   



Question 1175970: 1. 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
Found 2 solutions by Solver92311, ikleyn:
Answer by Solver92311(821) About Me  (Show Source):
You can put this solution on YOUR website!


Hint: (break-even OR profit) and (lose) are complementary events.


John

My calculator said it, I believe it, that settles it

From
I > Ø

Answer by ikleyn(52870) About Me  (Show Source):
You can put this solution on YOUR website!
.

I answered it a week or two ago

https://www.algebra.com/algebra/homework/Probability-and-statistics/Probability-and-statistics.faq.question.1175583.html

https://www.algebra.com/algebra/homework/Probability-and-statistics/Probability-and-statistics.faq.question.1175583.html