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Probability that company will not lose any money next quarter

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There is a 50 percent chance this company will earn a profit, a 30 percent chance it will break even, and a 20 percent chance it will lose money next quarter-

Use the addition rule to file the probability of the company will not lose any money next quarter, and use the complement rule to find the probability rule it will not lose money next quarter?

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There is a 50 percent chance this company will earn a profit, a 30 percent chance it will break even, and a 20 percent chance ...

Solution Summary

The probability that a company will not lose any money next quarter is determined.

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