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A computer software company has submitted bids on two separate government contracts, A and B. The company estimates that it has a 39 percent chance
A computer software company has submitted bids on two separate government contracts, A and B. The company estimates that it has a 39 percent chance of winning contract A and a 55 percent chance of winning contract B. The company believes that winning contract A is independent of winning contract B. Answer the following questions, rounding your answers to two decimal places where appropriate.
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