# Question

An aerospace company has submitted bids on two separate federal government defense contracts. The company president believes that there is a 40% probability of winning the first contract. If they win the first contract, the probability of winning the second is 70%. However, if they lose the first contract, the president thinks that the probability of winning the second contract decreases to 50%.

a. What is the probability that they win both contracts?

b. What is the probability that they lose both contracts?

c. What is the probability that they win only one contract?

a. What is the probability that they win both contracts?

b. What is the probability that they lose both contracts?

c. What is the probability that they win only one contract?

## Answer to relevant Questions

A telemarketer calls people and tries to sell them a subscription to a daily newspaper. On 20% of her calls, there is no answer or the line is busy. She sells subscriptions to 5% of the remaining calls. For what proportion ...The chartered financial analyst (CFA) is a designation earned after a candidate has taken three annual exams (CFA I, II, and III). The exams are taken in early June. Candidates who pass an exam are eligible to take the exam ...Refer to Example 6.9. An MBA applicant believes that the probability of scoring more than 650 on the GMAT without the preparatory course is .95. What is the probability of attaining that level after taking the preparatory ...What are the sensitivity, specificity, positive predictive value, and negative predictive value in the previous exercise?How does level of affluence affect health care? To address one dimension of the problem, a group of heart attack victims was selected. Each was categorized as a low-, medium-, or high-income earner. Each was also categorized ...Post your question

0