Answer:
The probability that this accountant has an MBA degree or at least five years of professional experience, but not both is 0.3
Step-by-step explanation:
From the given study,
Let A be the event that the accountant has an MBA degree
Let B be the event that the accountant has at least 5 years of professional experience.
P(A) = 0.35
[tex]P(A)^C[/tex] = 1 - P(A)
[tex]P(A)^C[/tex] = 1 - 0.35
[tex]P(A)^C[/tex] = 0.65
[tex]P(B)^C[/tex] = 0.45
P(B) = 1 - [tex]P(B)^C[/tex]
P(B) = 1 - 0.45
P(B) = 0.55
P(A ∩ B ) = 0.75 [tex]P(A^C \ \cap \ B^C)[/tex]
P(A ∩ B ) = 0.75 [ 1 - P(A ∪ B) ] because [tex]P(A^C \ \cap \ B^C)[/tex] = [tex]P(A \cup B)^C[/tex]
SO;
P(A ∩ B ) = 0.75 [ 1 - P(A) - P(B) + P(A ∩ B) ]
P(A ∩ B ) = 0.75 [ 1 - 0.35 - 0.55 + P(A ∩ B) ]
P(A ∩ B ) - 0.75 P(A ∩ B) = 0.75 [1 - 0.35 -0.55 ]
0.25 P(A ∩ B) = 0.075
P(A ∩ B) = [tex]\dfrac{0.075}{0.25}[/tex]
P(A ∩ B) = 0.3
The probability that this accountant has an MBA degree or at least five years of professional experience, but not both is: P(A ∪ B ) - P(A ∩ B)
= P(A) + P(B) - 2P( A ∩ B)
= (0.35 + 0.55) - 2(0.3)
= 0.9 - 0.6
= 0.3
∴
The probability that this accountant has an MBA degree or at least five years of professional experience, but not both is 0.3
