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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...
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.
Let A and B be the events of securing project A and B respectively.Therefore,P (A) =0.4, P (B) =0.3a)i) Probability that the company will secure Project A or B but not both=P (A but not B) +P...