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Mathematics, 30.09.2019 22:00 malaysiasc93

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 does not show a profit in either of the first 2 years. the accounting office at wing foot provided the following information: 65% of all wing foot stores show a profit the first year; 68% of all wing foot stores show a profit the second year (this includes stores that did not show a profit the first year); however, 84% of wing foot stores that showed a profit the first year also showed a profit the second year. compute the following. (use 2 decimal ) p() p() p(b | ) p(a and ) p(a or ) 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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