
Maurizio T. answered 08/24/15
Tutor
5.0
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Statistics Ph.D and CFA charterholder with a true passion to teach.
Let A = "exam covers chapter 1"
B = "exam covers chapter 2"
You know that P(A) = 0.45; P(B) = 0.63, and P(A or B) = 0.76.
You are asked P(A and B) and there is a formula for it,right?
Recall that P(A or B) = P(A) + P(B) - P(A and B)....
Just a little algebra and you will get your P(A and B)........
If C="Exam does not cover chapter 1 or chapter 2", then C is the complement of the event (A or B), right? . In general, if D' is the complement of D, we know that P(D') = 1- P(D), so in your case .....
You should be able to complete this simple problem on your own now.