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I would like some assistance with the following statistics questions You are the owner of a construction company bidding on two Independent developments. The probability
I would like some assistance with the following statistics questions
You are the owner of a construction company bidding on two Independent developments. The probability of winning the first bid is 0.6 and the probability of winning the second bid is 0.2. What Is the probability that you do not win any of the bids? Select one: O a. 0.48 O b. 0.12 O C. 0.80 O d. 0.32 O e. 0.08The price of Sorrel has a bell-shaped distribution with a mean of $250 and standard deviation of $50. The cheapest 2.5% of prices is expected to be between $0 and Select one: O a. $100 O b. $150 O c. $200 O d. $250Summer is fast approaching, and EZ Fashion Is having massive sales every Sunday from March to June. Assume that the probability of a shopper returning their Item is 15%. On the last Sunday in June only 20 shoppers benefitted from the sale. The probability that 4 returns will be made is The probability that more than 1 return will be made is The average number of returns is The standard deviation of the number of returns isAssuming that X is a normal random variable with mean u and standard deviation o, which of the following is FALSE? Select one: O a. P(X > 8) O b. P(X > 8) O c. 8) O d. P(XStep by Step Solution
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