The chair of the board of directors says, "There is a 48% chance this company will earn a profit, a 30% chance it will break even, and a 22% chance it will lose money next quarter."

a. Use an addition rule to find the probability the company will not lose money next quarter. (Round the final answer to 2 decimal places.)

0.48 + 0.30

0.48 - 0.22

0.48 + 0.22

0.30+ 0.22

1.0 - 0.22

=

b. Use the complement rule to find the probability the company will not lose money next quarter. (Round the final answer to 2 decimal places.)

0.48 + 0.30

0.48 - 0.22

0.48 + 0.22

0.30+ 0.22

1.0 - 0.22

=