Your company bids for two contracts. You believe the probability that you get contract #1 is 0.7. If you get contract #1, the probability you also get contract #2 will be 0.5, and if you do not get contract #1, the probability that you get contract #2 will be 0.2. Complete parts a through e below. ... OA. No; the outcome of the first contract determines the probability of getting the second contract. No; no events are independent. B. C. Yes; the outcome of the first contract has no impact on the second contract. OD. Yes; all events are independent. b) Find the probability you get both contracts. 0.35 (Type an integer or a decimal. Do not round.) c) Find the probability you get neither contracts. 0.24 (Type an integer or a decimal. Do not round.) d) Let X be the number of contracts you get. Find the probability model for X. X P(x) 0 1 2 0.24 0.41 0.35 (Type integers or decimals. Do not round.) e) Find the expected value and standard deviation of X. The expected value of X is 1.11 (Type an integer or a decimal. Do not round.) The standard deviation of X is (Round to three decimal places as needed.)
Your company bids for two contracts. You believe the probability that you get contract #1 is 0.7. If you get contract #1, the probability you also get contract #2 will be 0.5, and if you do not get contract #1, the probability that you get contract #2 will be 0.2. Complete parts a through e below. ... OA. No; the outcome of the first contract determines the probability of getting the second contract. No; no events are independent. B. C. Yes; the outcome of the first contract has no impact on the second contract. OD. Yes; all events are independent. b) Find the probability you get both contracts. 0.35 (Type an integer or a decimal. Do not round.) c) Find the probability you get neither contracts. 0.24 (Type an integer or a decimal. Do not round.) d) Let X be the number of contracts you get. Find the probability model for X. X P(x) 0 1 2 0.24 0.41 0.35 (Type integers or decimals. Do not round.) e) Find the expected value and standard deviation of X. The expected value of X is 1.11 (Type an integer or a decimal. Do not round.) The standard deviation of X is (Round to three decimal places as needed.)
Chapter8: Sequences, Series,and Probability
Section: Chapter Questions
Problem 41CT: On a game show, a contestant is given the digits 3, 4, and 5 to arrange in the proper order to form...
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