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A company has two warehouses to sell, one in the town of Kingstones and another in the nearby suburb of Eadleton. Because there have been some indications that property prices are likely to rise over the next six months some of the managers of the company are urging that the sale should be delayed. It is thought that the probability of the Kingstones warehouse rising in value by at least 10% is 0.6. If it does rise in value by this amount, then there is a 0.9 probability that the Eadleton property will also rise in value by at least10%. However, if the Kingstones property rises in value by less than 10% there is only a 0.3 probability that the Eadleton warehouse will increase its value by at least 10%. What is the probability that

(a) both warehouses;

(b) only one warehouse will increase in value by at least 10% over the six-month period?

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92465933

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