Question
he owners of a two-person business make their decisions independently of each other and then compare their decisions. If they agree, the decision is made;
he owners of a two-person business make their decisions independently of each other and then compare their decisions. If they agree, the decision is made; if they do not agree, then further consideration is necessary before a decision is reached. The first owner makes the right decision 60% of the time; the second - 70% of the time.
Enter your answers as decimals.
6(a) What is the probability that they make the right decision on the first try.
6(b) What is the probability that they make the wrong decision on the first try.
6(c) What is the probability that they delay the decision for further study.
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