Analyze the scenario and calculate the probability of the desired event (assuming all outcomes are equally likely) using an appropriate method (outcome table, a tree diagram, or a Venn diagram), rounded to 3 significant digits as needed.

A professor of a Business Statistics class takes a poll of his 120 students and finds that 79 are also taking Economics, 78 are also taking Accounting, and 62 are taking both Economics and Accounting. Based on this, what is the probability that a randomly selected student is not taking either Economics or Accounting?

Probability that a randomly selected student is not taking either Economics or Accounting:

Round to 3 significant digits