We can put it into one step by multiplying the cost by 1.07 which basically takes into account the old cost of the jacket and the tax
the expression is
original amount * decimal multiplier (1.07) = new amount
Answer: a. 0.61
b. 0.37
c. 0.63
Step-by-step explanation:
From the question,
P(A) = 0.39 and P(B) = 0.24
P(success) + P( failure) = 1
A) What is the probability that the component does not fail the test?
Since A is the event that the component fails a particular test, the probability that the component does not fail the test will be P(success). This will be:
= 1 - P(A)
= 1 - 0.39
= 0.61
B) What is the probability that a component works perfectly well (i.e., neither displays strain nor fails the test)?
This will be the probability that the component does not fail the test minus the event that the component displays strain but does not actually fail. This will be:
= [1 - P(A)] - P(B)
= 0.61 - 0.24
= 0.37
C) What is the probability that the component either fails or shows strain in the test?
This will simply be:
= 1 - P(probability that a component works perfectly well)
= 1 - 0.37
= 0.63