(CO 3) You are selling your product at a three-day event. Each day, there is a...

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(CO 3) You are selling your product at a three-day event. Each day, there is a...

(CO 3) You are selling your product at a three-day event. Each day, there is a 60% chance that you will make money. What is the probability that you will make money on the first day and lose money on the next two days?

0.096

0.216

0.144

0.288

math Statistics-And-Probability

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Answer 1

Answer #1

Solution:- option A. 0.096

Explanation: Given that,

Probability that you will make money = 60% =0.60

So, Probability that you will lose money = 0.40

Now,

Probability(make money on the first two days and lose money on the next two day) = P(make money on 1st day) × P(lose money on 2nd day) × P(lose money on 3rd day)

= 0.60 × 0.40 × 0.40

= 0.096

Therefore, required probability = 0.096

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Answer 2

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