Answer:
B. - 1/3
Step-by-step explanation:
P(most favorable outcome) = 1 -(0.03 +0.16 -0.01) = 0.82
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"repair fails" includes the "infection and failure" case, as does "infection". By adding the probability of "repair fails" and "infection", we count the "infection and failure" case twice. So, we have to subtract the probability of "infection and failure" from the sum of "repaire fails" and "infection" in order to count each bad outcome only once.
The probability of a good outcome is the complement of the probability of a bad outcome.
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Step-by-step explanation:
If there 5% is allowed in Rs 1,580 than the selling price of the watch is 1,501