Randall Realty has two rental properties available.The agent assesses a 0.6 probability that property A will be rented by the end of the month, and a probability of 0.8 that property B will be rented by the end of the month.She also believes there is a 0.5 probability that both properties will be rented by the end of the month.What is the probability that at least one of the properties is rented by the end of the month

Question

Quizplus · Accepted Answer

The probability that at least one of the properties is rented by the end of the month can be calculated using the formula: P(A or B) = P(A) + P(B) - P(A and B). Substituting the given probabilities, we get: 0.6 + 0.8 - 0.5 = 0.9 or 90%.

Randall Realty Has Two Rental Properties Available