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

To Purchase This Material Click below Link

http://www.tutorialoutlet.com/all-miscellaneous/provide-one-business-related-example-each-with-explanation-for-mutually-exclusive-and-independent-events/

FOR MORE CLASSES VISIT

www.tutorialoutlet.com

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.


Comments

Post a Comment

Popular posts from this blog

What is the probability that all three randomly selected households own a van

What is the probability that all three randomly selected households own a van To Purchase This Material Click below Link http://www.tutorialoutlet.com/all-miscellaneous/what-is-the-probability-that-all-three-randomly-selected-households-own-a-van/ FOR MORE CLASSES VISIT www.tutorialoutlet.com Suppose that a recent poll of American households about car ownership found that for households with a​ car, 39% owned a​ sedan, 33% owned a​ van, and​ 7% owned a sports car. Suppose that three households are selected randomly and with replacement. What is the probability that all three randomly selected households own a​ van? (Round to the nearest​ thousandth)
Read more

What is the probability that the product of the two rolls is at most 5 given that the first one is an even number

What is the probability that the product of the two rolls is at most 5 given that the first one is an even number To Purchase This Material Click below Link http://www.tutorialoutlet.com/all-miscellaneous/what-is-the-probability-that-the-product-of-the-two-rolls-is-at-most-5-given-that-the-first-one-is-an-even-number/ FOR MORE CLASSES VISIT www.tutorialoutlet.com Consider rolling a fair 6-faced die twice. Let A be the event that the product of the two rolls is at most 5, and B be the event that the first one is an even number. (a) What is the probability that the product of the two rolls is at most 5 given that the first one is an even number? Show all work. Just the answer, without supporting work, will receive no credit. (b) Are event A and event B independent? Explain.
Read more

We wish to determine a regression equation that relates the length of an infant(in cm) to age(in days)

We wish to determine a regression equation that relates the length of an infant(in cm) to age(in days) To Purchase This Material Click below Link http://www.tutorialoutlet.com/all-miscellaneous/we-wish-to-determine-a-regression-equation-that-relates-the-length-of-an-infant-in-cm-to-age-in-days-gender-and-weight-at-birth-in-kg/ FOR MORE CLASSES VISIT www.tutorialoutlet.com We wish to determine a regression equation that relates the length of an infant(in cm) to age(in days), gender and weight at birth(in kg). Below is portion of the regression analysis derived using stat. *Note: under the gender variable: male and female categories are assigned a value of 1 and 0, respectively. Source SS degrees of freedom Model 316.8866 3 Residual 71.4734 8 Coefficient Standard Error Age 0.4798 0.0980 Weight 0.4020 1.0454 gender 1.3113 1.9591 cons 19.53            7.7829 Question. a. ...
Read more