Question: File Home Insert Share Formulas Data Review View Help Draw Calibri (Body) v 11 v B vav Av ... General v 100 -00 B12 X

File Home Insert Share Formulas Data Review View Help Draw Calibri (Body) v 11 v B vav Av ... General v 100 -00 B12 X V fx A B C D E F G H 2 Suppose you are purchasing a home and have two potential houses you are interested in. 3 You submit offers on both homes and the sellers can either Reject (R), Accept (A), or Counter (C) your offer. 4 5 P(R) P(A) P(C) 6 Assume that for the first house you put an offer on, the following probabilities are true: First House 0.3 0.4 0.3 7 Also assume that for the second.. Second House 0.7 0.15 0.15 8 9 Required: 10 Assuming that both offers are independent, find the probabilities that: 11 12 Both offers are declined 13 Exactly one offer is accepted 14 Exactly one offer is countered 15 Both offers are accepted 16 17 18 19 20 Students: The scratchpad area is for you to do any additional work you need to solve this question or can be used to show your work. 21 Nothing in this area will be graded, but it will be submitted with your assignment. 22 23 24

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