your latest customer survey you found that 44% of your rental car customers highly value flexible return times, 35% highly value upgrades to larger cars, and 24% highly value both. Define the events A: value flexible return times B: value upgrades a. Calculate the probability that a customer highly values either flexible return times, or upgrades, or both. b. Calculate the probability that a customer does not highly value flexible return times. c. Calculate the probability that a customer highly values neither flexible return times nor upgrades.
In your latest customer survey you found that 44% of your rental car customers highly value
flexible return times, 35% highly value upgrades to larger cars, and 24% highly value both. Define the events
A: value flexible return times
B: value upgrades
a. Calculate the probability that a customer highly values either flexible return times, or upgrades, or both.
b. Calculate the probability that a customer does not highly value flexible return times.
c. Calculate the probability that a customer highly values neither flexible return times nor upgrades.
d. Draw and label a Venn diagram of these events.
e. Are A and B independent? Why or why not?
f. Are A and B mutually exclusive? Why or why not?
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