490 students were willing to donate blood
340 students were willing to help serve breakfast
120 students were willing to do both
To find the number of students willing to donate blood or serve breakfast we take the union of these sets:
A = {students willing to donate blood} = 490
B = {students willing to serve breakfast} = 340
The number willing to do both is 120
Using the formula: |A ∪ B| = |A| + |B| - |A ∩ B|
|A ∪ B| = 490 + 340 - 120 = 710
Therefore, the number of students willing to donate blood or serve breakfast is 710.