A particular shoe franchise knows that its stores will not show a profit unless they gross over $940,000 per year. LetAbe the event that a new store grosses over $940,000 its first year. LetBbe the event that a store grosses over $940,00 its second year. The franchise has an administrative policy of closing a new store if it does not show a profit ineitherof the first 2 years. The accounting office at the franchise provided the following information:63%ofallthe franchise stores show a profit the first year;75%ofallthe franchise stores show a profit the second year (this includes stores that did not show a profit the first year); however,89%of the franchise stores that showed a profit the first year also showed a profit the second year. Compute the following. (Enter your answers to four decimal places.)

(a)P(A)

(b)P(B)

(c)P(B|A)

(d)P(A and B)

(e)P(A or B)

(f)What is the probability that a new store will not be closed after 2 years?

What is the probability that a new store will be closed after 2 years?