Bank A: Monthly fee of $4.95 or no fee if minimum balance is $500 or greater.
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Answer:
P(a junior or a senior)=1
Step-by-step explanation:
The formula of the probability is given by:
Where P(A) is the probability of occurring an event A, n(A) is the number of favorable outcomes and N is the total number of outcomes.
In this case, N is the total number of the students of statistics class.
N=18+10=28
The probability of the union of two mutually exclusive events is given by:
Therefore:
P(a junior or a senior) =P(a junior)+P(a senior)
Because a student is a junior or a senior, not both.
n(a junior)=18
n(a senior)=10
P(a junior)=18/28
P(a senior) = 10/28
P(a junior or a senior) = 18/28 + 10/28
Solving the sum of the fractions:
P(a junior or a senior) = 28/28 = 1