A box contains only red chips, white chips, and blue chips.

For those wondering, you could also find this answer another way. The way presented above is the fastest, but, just in case you are wondering, like I was, you could also do the following:

find the value of P(white) by doing:

1 - ( P(B) + P(R) ) = P(W)

Then do:

P(W or B) = P(W) + P(B) - P( W and B)

here P (W and B) is equal to zero, because it is not independent, it is mutually exclusive. (it is mutually exclusive because if you get one red you cannot get one white for example).

so it is simply:

P(W or B) = P(W) + P(B) - 0

Here is the calculation with numbers:

1- ( 1/5 + 1/3) = 7/15 = P(W)

now do: P(W or B) = P(W) + P(B) - 0

7/15 + 1/5 - 0 = 2/3



hope it helps!
I was wondering about this other method when I did the problem.

concept :

For second .

P(R) + P (B) + P (W) = 1

P (W) + P(B) = 1 - P(R)

P(R) IS GIVEN.
so 2 is sufficient.

Target question: What is the probability that the chip is either white or blue?

Given: The box contains only red chips, white chips, and blue chips

Statement 1: The probability that the chip will be blue is 1/5.
This tells us that 1/5 of the chips are BLUE, but there's no information about the WHITE chips.

Consider these two possible cases:
Case a: There are 5 chips in total. 1 chip is blue, and 1 chip is white. In this case, the answer to the target question is P(chip is either white or blue) = 2/5
Case b: There are 5 chips in total. 1 chip is blue, and 2 chips are white. In this case, the answer to the target question is P(chip is either white or blue) = 3/5
Since we cannot answer the target question with certainty, statement 1 is NOT SUFFICIENT

Statement 2: The probability that the chip will be red is 1/3
This also tells us that the probability of selecting a NON-RED chip is 2/3
Since the box contains only red chips, white chips, and blue chips, then selecting a NON-RED chip is the same as selecting either a BLUE chip OR a WHITE chip
In other other words, P(select NON-BLUE chip) = P(selecting either a BLUE chip OR a WHITE chip)
So, the answer to the target question is P(chip is either white or blue) = 2/3

Answer: B

Cheers,
Brent