Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 2 Two sales executives work in jewelry manufacturing firm. The probability that the older sales executive will be late on any given day is

Question 2

Two sales executives work in jewelry manufacturing firm. The probability that the older sales executive will be late on any given day is 0.20. The probability that the younger sales executive will be late on a given day is 0.15 and the probability that they will both be late is 0.09.

What is the probability

Let P(A) be probability that older sales executive is late = 0.20

Let P(B) be probability that younger sales executive is late = 0.15

  1. that either or both will be late on any given day? [2 marks]
  2. at least one sales executive comes to work late on any given day? [2 marks]
  3. only one sales executive comes late on any given day? [2 marks]

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Montgomerys Auditing Classic Reprint Series

Authors: Robert Hiester Montgomery

1st Edition

1390439356, 978-1390439359

More Books

Students also viewed these Accounting questions