P8

Ans fast

A committee of 5 members has been formed by a bank planning to purchase a financial software package. It has been decided that the order would go to the supplier who gets the support of the maximum number of members of this committee. Three suppliers have been competing for this order. (a) Formulate the above situation into a voting model. (5) (b) Formulate the above into a weighted probability model if the weights associated with the members are as follows. M, = 0.3, M2 ,My and M4 = 0.2 each, and Ms = 0.1