Question
5. We have two events, A and B. P(A) = 1/2 and P(B) = 1/3. Hint: Draw Venn diagrams to help you think about the
5. We have two events, A and B. P(A) = 1/2 and P(B) = 1/3. Hint: Draw Venn diagrams to help you think about the following possibilities: 1) if A and B are mutually exclusive, 2) if all the outcomes in B are also in A, 3) if there's partial but not complete overlap between events in A and events in B.
(a) What is the smallest P(A and B) can be? _________
(b) What is the largest P(A and B) can be? _________
(c) What is the smallest P(A or B) can be? _________
(d) What is the largest P(A or B) can be? _________
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
6th edition
978-0077328894, 71313974, 9780077395810, 77328892, 9780071313971, 77395816, 978-0077400163
