1. Let Pr(A) = 50% and Pr(B) = 67%. To the nearest whole percentage point, what
ID: 3074115 • Letter: 1
Question
1. Let Pr(A) = 50% and Pr(B) = 67%. To the nearest whole percentage point, what is the minimum possible ‘overlap’ found between these two events? Make sure to include the percent symbol (%). If this value cannot be determined based on the information given, then type in CBD.
2. Let Pr(A) = 42% and Pr(B) = 74%. To the nearest whole percentage point, what is the maximum possible ‘overlap’ found between these two events? Make sure to include the percent symbol (%). If this value cannot be determined based on the information given, then type in CBD.
Explanation / Answer
1)
here as we klnow that probability of an event can n ot be more than 100%
hence P(A U B) <=100%
P(A)+P(B)-P(A n B) <=100%
50%+67%-P(A n B) <=100%
P(A nB) > =17%
hence minium overlap =17%
2)
for overlap can not be higher than individual event probabilities
hence P(A n B) <=min( P(A) ; P(B))
P(A nB) <=min(42% ,74%)
P(A nB) <= 42%
therefore maximum overlap =42%
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