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4. Wing Foot is a shoe franchise commonly found in shopping centers across the United States. Wing Foot knows that its stores will not show
4. Wing Foot is a shoe franchise commonly found in shopping centers across the United States. Wing Foot knows that its stores will not show a profit unless they gross over $940,000 per year. Let A be the event that a new Wing Foot store grosses over $940,000 its first year. Let B be the event that a store grosses over $940,000 its second year. Wing Foot has an administrative policy of closing a new store if it does not show a profit in either of the first two years. Assuming that the accounting office at Wing Foot provided the following information: P(A) = 0.64,P(B) = 0.73, and P(BlA) = 0.84. a. What is the probability that a new store will gross over $940,000 in its first and second years? Round your answer to the nearest hundredth. b. What is the probability that a new store will gross over $940,000 in either its first or second years? Round your answer to the nearest hundredth. c. What is the probability that a new store will not gross over $940,000 in either of its first two years, and thus not make a profit and close? 5. You draw two cards from a standard deck of 52 cards and replace the first one before drawing the second. Find the probability of drawing a king and a 6 in either order. Round your answer to the nearest thousandth
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