Use the following information to answer  1c & 1d. The probability that a company will make a profit this year is 0.74 (1c) Find the probability that the company will not make a profit this year. Show work and explain. (1d) Find the "odds" against the company making a profit. Show work and explain.

A First Course in Probability (10th Edition)
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Chapter1: Combinatorial Analysis
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Use the following information to answer  1c & 1d.

The probability that a company will make a profit this year is 0.74

(1c) Find the probability that the company will not make a profit this year. Show work and explain.

(1d) Find the "odds" against the company making a profit. Show work and explain.

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