- Hello I Am Having Some Trouble With This Homework Question 1 (189.62 KiB) Viewed 47 times
Hello, I am having some trouble with this homework question
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Hello, I am having some trouble with this homework question
Hello, I am having some trouble with this homework question
A computer consulting fim presently has bids out on three projects. Let A, - <awarded project 1), for; = 1, 2, 3, and suppose that P14,3 -0.22, A42) - 0.25, PLA) = 0.25, PIA, "Ay) - 0.11, A/A, "Az) – 0.08, PA, 11 Ag} = 0.05, PA, 1A, 14,7 -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) AAA,) = Explain this probability in words. If the firm is awarded project 2, this is the chance they will also be awarded praject 1. This is the probability that the firm is awarded both project 1 and project 2. This is the probability that the firm is awarded either project 1 or project 2 O If the firm is awarded project 1, this is the chance they will also be awarded project 2 (b) AAZA31 A) - Explain this probability in words. This is the probability that the firm is awarded projects 1, 2, and 3. If the firm is awarded projects 2 and 3, this is the chance they will also be awarded project 1. This is the probability that the firm is awarded at least ane of the projects. If the firm is awarded project 1, this is the chance they will also be awarded prajects 2 and 3. (c) PAUA 4.) - Explain this probability in words If the firm is awarded at least one of projects 2 and 3, this is the chance they will also be awarded project 1. This is the probability that the firm is awarded at least one of the projects, O If the firm is awarded project 1, this is the chance they will also be awarded at least one of the other two projects. This is the probability that the firm is awarded projects 1, 2, and 3. (d) PCA, NA, AA, UA, UA3) = 1 Explain this probability in words. If the firm is awarded at least two of the projects, this is the chance that they will be awarded all three projects This is the probability that the firm is awarded at least ane of the projects. This is the probability that the firm is awarded projects 1, 2, and 3. O If the firm is awarded at least one of the projects, this is the chance that they will be awarded all three projects
A computer consulting fim presently has bids out on three projects. Let A, - <awarded project 1), for; = 1, 2, 3, and suppose that P14,3 -0.22, A42) - 0.25, PLA) = 0.25, PIA, "Ay) - 0.11, A/A, "Az) – 0.08, PA, 11 Ag} = 0.05, PA, 1A, 14,7 -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) AAA,) = Explain this probability in words. If the firm is awarded project 2, this is the chance they will also be awarded praject 1. This is the probability that the firm is awarded both project 1 and project 2. This is the probability that the firm is awarded either project 1 or project 2 O If the firm is awarded project 1, this is the chance they will also be awarded project 2 (b) AAZA31 A) - Explain this probability in words. This is the probability that the firm is awarded projects 1, 2, and 3. If the firm is awarded projects 2 and 3, this is the chance they will also be awarded project 1. This is the probability that the firm is awarded at least ane of the projects. If the firm is awarded project 1, this is the chance they will also be awarded prajects 2 and 3. (c) PAUA 4.) - Explain this probability in words If the firm is awarded at least one of projects 2 and 3, this is the chance they will also be awarded project 1. This is the probability that the firm is awarded at least one of the projects, O If the firm is awarded project 1, this is the chance they will also be awarded at least one of the other two projects. This is the probability that the firm is awarded projects 1, 2, and 3. (d) PCA, NA, AA, UA, UA3) = 1 Explain this probability in words. If the firm is awarded at least two of the projects, this is the chance that they will be awarded all three projects This is the probability that the firm is awarded at least ane of the projects. This is the probability that the firm is awarded projects 1, 2, and 3. O If the firm is awarded at least one of the projects, this is the chance that they will be awarded all three projects