Question: probability Three local textile distributors (K, L, and M) are competing for a contract to supply textiles to Company XYZ. The probabilities that textile distributors

probability

Three local textile distributors (K, L, and M) are competing for a contract to supply textiles to Company XYZ. The probabilities that textile distributors K, L, and M will win the contract are 0.4, 0.3, and 0.3, respectively. If textile distributors K, L, and M win the contract, the probabilities that they will make profits are 0.65, 0.85, and 0.45, respectively. a) Draw a tree diagram for the above information. b) Calculate the probability that the contract was awarded to textile distributor K given that the contract is found to be unprofitable

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