Final answer:
The probability that a student owns either a car or a laptop is 0.86. The probability that a student owns neither a car nor a laptop is 0.14.
Step-by-step explanation:
(A) The student owns either a car or a laptop:
To find the probability that a student owns either a car or a laptop, we need to find the number of students who own a car, the number of students who own a laptop, and the number of students who own both. We can use the formula:
P(A or B) = P(A) + P(B) - P(A and B)
Given that 470 students own cars, 710 students own laptops, and 320 students own both, we can substitute the values into the formula:
P(car or laptop) = P(car) + P(laptop) - P(car and laptop)
P(car or laptop) = 470/1000 + 710/1000 - 320/1000
P(car or laptop) = 860/1000
P(car or laptop) = 0.86
Therefore, the probability that a student owns either a car or a laptop is 0.86.
(B) The student owns neither a car nor a laptop:
To find the probability that a student owns neither a car nor a laptop, we need to subtract the probability that a student owns either a car or a laptop from 1:
P(neither car nor laptop) = 1 - P(car or laptop)
P(neither car nor laptop) = 1 - 0.86
P(neither car nor laptop) = 0.14
Therefore, the probability that a student owns neither a car nor a laptop is 0.14.