An architectural firm is putting out bids to design two large buildings. Suppose they believe they have
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An architectural firm is putting out bids to design two large buildings. Suppose they believe they have 35% chance of getting the contract for the first building, and 80% chance of getting the contract for the second building and a 10% chance of getting neither job. Draw a venn diagram for this situation and use your diagram to find the chance that they get both contracts. Use a formula for this situation to find the chance that they get both contracts.
Related Book For
Management Science The Art of Modeling with Spreadsheets
ISBN: 978-1118582695
4th edition
Authors: Stephen G. Powell, Kenneth R. Baker
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