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An applicant applies for a car loan, and either the application is approved or rejected (no...

An applicant applies for a car loan, and either the application is approved or rejected (no other options are possible). The probability that the application is approved and rejected is

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Answer #1

Probability of the loan being approved and rejected is 0 because the loan cannot be approved and rejected at the same time and also these are the only two possible outcomes as given in question.

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