Flashcards: Probability Concepts to Analyze Decisions and Strategies: CCSS.Math.Content.HSS-MD.B.7

\(\displaystyle P(R < -7\%)=15\%\)

\(\displaystyle P(R>7\%)=23\%\)

Calculate the probability that a stock return, R, is either below -7% or above 7%. Are these two events mutually exclusive?

.38, yes

Cannot be determined because the two events are not mutually exclusive.

.07, no

.0345, yes

.38, no

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