Question

Acomputer consulti 9 firm presently has bids out on thr ded project ), for , = 1, 2 3, and suppose that p A1-0.22, p Az) = 0.25, PlAg = 0.26, P A nA2-0.11, P A1 n A3 = 0.00 A(Az nAg -0.09, PiA1 probabilities given above to compute the rollowing probabilities, and-xplain in words the meaning of each one.くRound your answers to tour decimal places.) ee projects. LetA- (awar A2 nAg = 0 01. Use the Explain this probability in words. T that the firm is awarded elther project 1 or project 2 This is the probability If tha firm is awarded project1, this is the chance they wll also be awarded project 2. If the firm is awarded project 2, this is the chance they wll also be awarded project 1 This is the probability thet the firm is awarded both project 1 arid project 2 Explain this probability in words. This is the probability that the firm is awarded at least one of the projects. This is tha prohahility that the firm is awardad prajacts 1, 2, and a if the firm is ฮwarded project 1, this is the chance they will also bc awarded projects 2 and 3. the firm is awarded projects 2 and 3, this is the charice they will also be ewarded project 1. If Explain this probability in words This is tha probability that the firm is awarded projacts 1, 2, and a. If the firm is awarded project 1, this is the charice they wll also be awarded at least one of the other two projects If the firm is awarded at least onc of projects 2 and 3, this is the chance they will also be awarded project 1. O This is the probability that the firrm is awarded at least one of the projects. Explain this probability in words. This the probabity that the firm is awarded projects 1, 2, and 3. if the firm is awฮrded at least two of the projects, this is the chance that they will be awarded all three projects. This is the probabiity that the firm is ewarded at least one of the projects. If the firm is awarded at least one of the projects, this is the chance that they will be awarded all three projects.

0 0
Add a comment Improve this question Transcribed image text
Answer #1

please revert if P(A3)=0.28 and P(A1 n A3) =0.08 ; are different values as from picture it is not clear

b)

P(A2 n A3|A1)=P(A1 n A2 n A3)/P(A1)=0.01/0.22 =0.0455

c)

P(A2 u A3 |A1)=(P( A1 n A2)+P(A1 n A3)-P(A1 n A2 n A3))/P(A1)=(0.11+0.08-0.01)/0.22=0.8182

d)

at least one =P(A1UA2UA3)= P(A1)+P(A2)+P(A3 )-P(A1nA2)-P(A2nA3)-P(A1nA3)+P(A1nA2nA3) = 0.46

hence P(A1 n A2 nA 3|A1 uA2 u A3)=0.01/0.46 =0.0217

Add a comment
Know the answer?
Add Answer to:
Acomputer consulti 9 firm presently has bids out on thr ded project ), for , =...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • A computer consulting firm presently has bids out on three projects. Let Aawarded project ifori1, 2,...

    A computer consulting firm presently has bids out on three projects. Let Aawarded project ifori1, 2, 3, and suppose that PLA,) = 0.22, P(Аг) = 0.26, P(Аз) = 0.29, RA, ΠΑ2-0.09, P(А, п Аз) = 0.07, P(A2 n As) = 0.05, P(Α, Π A2 n A3-0.01. Use the probabilities given above to compute the following probabilities, and explain in words the meaning of each one. (Round your answers to four decimal places.) (a) PIA2 I A)- Explain this probability in...

  • Just part (d) please. A computer consulting firm presently has bids out on three projects. Let...

    Just part (d) please. A computer consulting firm presently has bids out on three projects. Let A - {awarded project I), for i = 1, 2, 3, and suppose that PCA) = 0.23, P(A2) - 0.26, P(A3) -0.28, PANA) -0.05, PA, NA) - 0.09. PANA3) = 0.11, PIA, Azn A3) = 0.01. Use the probabilities given above to compute the following probabilities, and explain in words the meaning of each one. (Round your answers to four decimal places.) (a) P[A21...

  • A computer consulting firm presently has bids out on three projects. Let Ai = {awarded project...

    A computer consulting firm presently has bids out on three projects. Let Ai = {awarded project i}, for i = 1, 2, 3, and suppose that P(A1) = 0.22, P(A2) = 0.26,P(A3) = 0.28, P(A1 ∩ A2) = 0.07, P(A1 ∩ A3) = 0.09, P(A2 ∩ A3) = 0.08, P(A1 ∩ A2 ∩ A3) = 0.01. Use the probabilities given above to compute the following probabilities, and explain in words the meaning of each one. (Round your answers to four...

  • A comp ter consulting rem tres ently has bit out on three projects. Iet A- awarded...

    A comp ter consulting rem tres ently has bit out on three projects. Iet A- awarded project ,. for ,-1. 2 3, and suppose that p Ai A2)-0.25 PLA))-0.28, -0.22. PA, nA) 0.11, MA, nA)0.04, PMA, nA) 0.05, PMA, nA, nA,) 0.01. Express in words each of the following events, and compute the probability of each event. (a) A, UA2 Express in words the event. awarded only1 awarded only 2 awarded neither 1 nor 2 awarded either 1 or 2...

  • 1. A coustruction firm is working ou two different projects. Let A be the event that...

    1. A coustruction firm is working ou two different projects. Let A be the event that the first one is completed by the contract date and defined B atualogously for the second project. (a) Explain the events AUB and An B in words (b) II P(AUB)-0.9 and P(AnB) -0.5, what is the probability that exactly one (Le. not both) is completed by the contract date? Hint: Draw a Venn diagram.)

  • At time t=0 a firm has a project which costs $160 today and will yield $200...

    At time t=0 a firm has a project which costs $160 today and will yield $200 at time t=2 with probability 1/2 and $100 at time t=2 with probability 1/2. At time t=1 the firm learns what the payoff will be from the original project (i.e., whether the payoff will be $200 or $100) and, assuming they invested at t=0, the firm can choose to fund a follow-up project at time t=1 where the follow-up project requires spending an additional...

  • It is January 1, 2016 and Hi-Plains Design is bidding on a project that will earn...

    It is January 1, 2016 and Hi-Plains Design is bidding on a project that will earn the company at least S650 million. The competitive bidding process will involve presenting the company's proposal to three successive review panels at the client company, all of which must approve the proposal for Hi-Plains' bid to be successful. The first review panel will meet on March 3, 2016 in Southern California and is comprised of engineers and regulators The second panel will meet in...

  • This question is a variant of the Sport Hotel example that was presented in class, in...

    This question is a variant of the Sport Hotel example that was presented in class, in the class notes, and in the Real Option chapter. The change to consider is this: suppose that the value of the hotel is one of two values: $9.4 million if the city is successful in obtaining the franchise (and not $8 million as in the original problem) or $3.7 if the city is not successful in obtaining the franchise (and not $2 million as...

  • TO SU Part 1: Probability were cay 1. A question on a multiple-choice test has 10...

    TO SU Part 1: Probability were cay 1. A question on a multiple-choice test has 10 questions each with 4 possible answers (a,b,c,d). a. What is the probability that you guess all the answers to the 10 questions correctly (carn 100%)? 2. If you ask three strangers about their birthdays, what is the probability a. All were born on Wednesday? b. What is the probability that all three were born in the same month? c. All were born on different...

  • QUESTION 1: Why must project manager should have good technical skills but also good management skills?...

    QUESTION 1: Why must project manager should have good technical skills but also good management skills? QUESTION 2: **Communication and Communicator are related" This quote from the text suppose that the communication process is lead by the spokeperson. Do you think is it a gift" to be a good communicator or a skill to improve ( use example of your knowledge to answer)? QUESTION 3: Look at the text paragraph yellow highlighted, and do you think that in today's world...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT