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Question
government revenue the source of federal government revenue for a specific year is
50% from individual income taxes
32% from social insurance payroll taxes
9% from corporate income taxes
3% from excise taxes
6% other
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if a revenue source is selected at random, what is the probability that it comes from individual income or other taxes?
p(individual income or other taxes)=
Step1: Identify probabilities
Individual income tax: 50%, Other: 6%
Step2: Add mutually exclusive probabilities
$P = 50\% + 6\% = 56\%$
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56%