Provide one business related example each, with explanation for mutually exclusive and independent events


Provide one business related example each, with explanation for mutually exclusive and independent events

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perior Construction pte ltd is a successful comapny dealing with many major projects in Singapore.

Recently it has submitted it biddings for 2 major goverment projects. Project A WORTH ABOUT $120 MILLION and the

company believes 40% chance of securing the project.Project B worth $1,8 bilion and there is 30% chance the company can win the project.

Both projects are independent of each other. What is the Probability that the company:



i. will secure Project A or B but not both



ii. will not secure Project A or will not secure Project B



(b) Do you agree that :it 2 events are mutually exclusive then these 2 events will be independent" why?



(c) Provide one business related example each, with explanation for mutually exclusive and independent events.


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