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In an economic survey of 300 households, it was found that 70 households prefer Product A, 50 prefer Product B, and 20 prefer both Product A and Product B. If a household is chosen at random from this group, find the probability that the household does not prefer Product B.

This problem explores probability concepts using a real-world scenario involving 300 households. Learn how to calculate the probability of households preferring or not preferring Product B, using the inclusion-exclusion principle. Ideal for students learning probability theory.

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