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In a certain agricultural region the probability of a drought during the growing season is 0.33, the probability of a severe cold spell is 0.32, and the probability of both is 0.19. Find the probability of the following.
a. either a drought or a severe cold spell
b.neither a drought nor a severe cold spell
c. not having a drought
In a certain manufacturing process the probability of a type I defect is 0.13, the probability of a type II defect is 0.23, and the probability of having both types of defects is 0.03. Find the probability of having neither type of defect.
A law firm has thirteen senior and seven junior partners. A committee of 6 partners is selected at random to represent the firm at a conference. What is the probability that at least one of the junior partners is on the committee?
Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..
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