A defense manufacturer submits quotes to supply guns. The probability of winning a job is 0.65. Assuming
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A defense manufacturer submits quotes to supply guns. The probability of winning a job is 0.65.
Assuming statistically independent jobs, compute the following: (1) the probability of winning one job out of five submitted quotes, (2) the probability of winning at least two jobs out of five submitted quotes, (3) the minimum number of quotes necessary to win at least three jobs with a probability of 0.90 to sustain its business operations.
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Related Book For 
Probability Statistics And Reliability For Engineers And Scientists
ISBN: 9781439809518
3rd Edition
Authors: Bilal M. Ayyub, Richard H. McCuen
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