Question: Five companies (A, B, C, D, and E) that make electrical relays compete each year to be the sole supplier of relays to a

Five companies (A, B, C, D, and E) that make electrical relays

 

Five companies (A, B, C, D, and E) that make electrical relays compete each year to be the sole supplier of relays to a major automobile manufacturer. The auto company's records show that the probabilities of choosing a company to be the sole supplier are Supplier chose: Probability: A B C D E 0.30 0.20 0.10 0.25 0.15 These events form a partition of the sample space S (see pg 17 of the 5.1-5.4 notes). (a) Draw a venn diagram that represents these events. (b) Suppose that supplier E goes out of business this year, leaving the remaining 4 companies to compete with one another. What are the new probabilities of companies A, B, C, and D being chosen as the sole supplier this year? Find the probability and express it using correct mathematical notation. Note: use conditional probabilities.

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