IMATH Hosled by ALEKS Corp Homework #9-41 Previous 11 12 13 14 15 16 17 18 19 Ne

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IMATH Hosled by ALEKS Corp Homework #9-41 Previous 11 12 13 14 15 16 17 18 19 Next Question 17 of 19 (1 point) 4.1 Section Exercise 34 The source of federal government revenue for a specific year is 49% from individual income taxes 31% from social insurance payroll taxes 10% from corporate income taxes 2% from excise taxes 8% other Gui Download data Sho If a revenue source is selected at random, what is the probability that it comes from excise or other taxes? Souree: New York Times Almanac P(excise or other taxes)- Link Save Submit A F3 F4 F5 F6 F7

Explanation / Answer

Ans:

Given that

P(excise)=0.02

P(other)=0.08

Probability that a randomly selected revenue source comes form either excise or other taxes

=P(excise)+P(other taxes)

=0.02+0.08

=0.1

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