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STATISTIC WORKBOOK 1 EDITION REVIEW QUESTIONS: H/w QUESTION 1 Three companies A, B and C are competing for contract to build a condominium. The ambabilities

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STATISTIC WORKBOOK 1" EDITION REVIEW QUESTIONS: H/w QUESTION 1 Three companies A, B and C are competing for contract to build a condominium. The ambabilities that companies A, B and C will win the contract are 0.25. 0.4 and 0.35 respectively. If company A, B and C win the contract, the probability that they will make profits are 0.8, 0.9 and 0.7 respectively. ay Construct tree diagram b) Calculate the probability that the companies will make profit If the contract found to be profitable, calculate the possibility that the contract is given to Company B

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