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
Acomputer consulti 9 firm presently has bids out on thr ded project ), for , =...
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 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 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 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 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=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 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 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 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 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...