help htt kaspsthomeworked 49131415questionid-16 flushed-falsebcd723 Stat 2000, S

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htt kaspsthomeworked 49131415questionid-16 flushed-falsebcd723 Stat 2000, Spring 2018 Jortan Miranda &1 32218 454 Homework: HW #5: Proba, Conditional Proba, Random Variables Score: 0 of 1 pt 5.1.49 As manager for a construction firm you are in charge of bidding on two large contracts You believe the probability you get contract #1 s 08 "you get contract #1 |4 of 16 (7 complete) HW Score: 42.19%, 6 75 of 16 pts E Question Hep also get contract #2 will be 0 8, and if you do not get #1, the probability you get #2 will be 0 2 complete parts (a) through (c). probabity you a) Sketch the probability tree Contract #210B-con No Contract #2-02 _contract #1 ar tract #1 and Contract #2 0.14 Contract #1 0.6 06)- Contract #2 106 0121 102-No Contract #1 and Contract #2 No Contract #1 0.4 No Contract #2081-No Contract #1 and No Contract #2 Enter your answer in the edit fields and then click Check Answer. Final Check Clear All parts remaining 455 Thunday 32212011 O Type here to search

Explanation / Answer

here for part a)

the right side probabilities are wrong:

P(contract # 1 and contract #2)=0.6*0.8 =0.48

P(contract # 1 and no contract #2)=0.6*0.2 =0.12

P(no contract # 1 and contract #2)=0.4*0.2 =0.08

P(no contract # 1 and no contract #2)=0.4*0.8 =0.32

( please revert for any clarification or any further parts)

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