Step 1 :Given probabilities: \(P(\text{fiction}) = 0.34\), \(P(\text{paperback}) = 0.23\), and \(P(\text{both fiction and paperback}) = 0.16\)
Step 2 :Calculate the probability of a book being fiction or paperback: \(P(\text{fiction or paperback}) = P(\text{fiction}) + P(\text{paperback}) - P(\text{both fiction and paperback}) = 0.34 + 0.23 - 0.16 = 0.41\)
Step 3 :Calculate the probability of a book being neither fiction nor paperback: \(P(\text{neither fiction nor paperback}) = 1 - P(\text{fiction or paperback}) = 1 - 0.41 = 0.59\)
Step 4 :\(\boxed{P(\text{neither fiction nor paperback}) = 0.59}\)