Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

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

image text in transcribed
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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Entrepreneurship

Authors: Andrew Zacharakis, William D Bygrave

5th Edition

1119563097, 9781119563099

Students also viewed these Mathematics questions