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Posted: **Mon Jul 11, 2022 11:31 am**

: The Probability That Product A Will Rise In Price Is 0 66 While The Probability That Product B Will Rise In Price Is 0 7 1 (34.21 KiB) Viewed 31 times

: The Probability That Product A Will Rise In Price Is 0 66 While The Probability That Product B Will Rise In Price Is 0 7 2 (19.5 KiB) Viewed 31 times

: The Probability That Product A Will Rise In Price Is 0 66 While The Probability That Product B Will Rise In Price Is 0 7 3 (8.07 KiB) Viewed 31 times

The probability that product A will rise in price is 0.66 while the probability that product B will rise in price is 0.7. The probability of both products rising in price is 0.54. A = product A will rise in price B = product B will rise in price Report numeric answers to 2 decimal places. Do not convert to percent. 1. Use the given information to complete the following probability table. A and B represent the complements of events A and B respectively. 27°C A A Total B B Total 1.00 4

2. What is the probability that a) product A will not rise in price? b) only product B will rise in price? c) at least one product will rise in price? d) both products will not rise in price? e) only one product will rise in price (not both)? f) no more than one product will rise in price?

3. a) Are A and B mutually exclusive? Why? Select an answer b) Are A and B independent? Why? Select an answer al