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A securities analyst is reviewing the performance of a group of electric utilities. He finds that 6 5 percent have increased sales and 2 5

A securities analyst is reviewing the performance of a group of electric utilities. He
finds that 65 percent have increased sales and 25 percent have increased earnings.
Fifteen percent have increased neither sales nor earnings. A utility is selected at
random from the group. What is the probability that it has increased both sales and
earnings?

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