Q. Given P(A)=0.72,P(B)=0.3 and P(A or B)=0.754, find the value of P(A and B), rounding to the nearest thousandth, if necessary.Answer:
Formula Application: To find the probability of the intersection of two events A and B, denoted as P(A and B), we can use the formula that relates the probabilities of A, B, and their union (A or B):P(A and B)=P(A)+P(B)−P(A or B)
Substitution: Now we substitute the given probabilities into the formula:P(A and B)=0.72+0.3−0.754
Calculation: Perform the calculation:P(A and B)=1.02−0.754P(A and B)=0.266Since we are asked to round to the nearest thousandth if necessary, our answer is already at that precision.
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