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Mathematics, 09.10.2019 18:00 micahatwood03

Wing foot is a shoe franchise commonly found in shopping centers across the united states. wing foot knows that its stores will not show a profit unless they gross over $940,000 per year. let a be the event that a new wing foot store grosses over $940,000 its first year. let b be the event that a store grosses over $940,00 its second year. wing foot has an administrative policy of closing a new store if it shows a loss in both of the first 2 years. the accounting office at wing foot provided the following information: 66% of all wing foot stores show a profit the first year; 69% of all wing foot stores show a profit the second year (this includes stores that did not show a profit the first year); however, 86% of wing foot stores that showed a profit the first year also showed a profit the second year. compute the following. (enter your answers to four decimal places.) (a) p(a) (b) p(b) (c) p(b | a) (d) p(a and b) (e) p(a or b) (f) what is the probability that a new wing foot store will not be closed after 2 years? what is the probability that a new wing foot store will be closed after 2 years?

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