A superior construction pte ltd is a successful company, Ask an Expert

Statistics

(a) Superior Construction Pte Ltd is a successful company dealing with many major projects in Singapore. Recently, it has submitted its biddings for two major Government projects. Project A worth about $120 million and the company believes it has 40% chance of securing the project. Project B worth $1.8 billion and there is 30% chance the company can win the project. Both projects are independent of each other.

What is the probability that the company:

will secure Project A or B but not both.

will not secure Project A or will not secure Project B.

(b) Do you agree that "if two events are mutually exclusive then these two events will be independent"? Why?

View complete question

Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M91619682

Have any Question?Write your Review or question?

Related Questions in Statistics and Probability

The commissioner of the state police is reported as saying

The commissioner of the state police is reported as saying that about 10% of reported auto thefts involve owners whose cars haven't really been stolen. What null and alternative hypotheses would be appropriate in evaluat ...

Suppose a sample space has things ab and c twice draw from

Suppose a sample space has things a,b and c. Twice, draw from the sample space and replace. The possible sequences formed are {aa, ab, ac,ba,bb, bc,ca,cb,cc} Now suppose there are Y different things. There are Y ways the ...

A recent study found that 64 of workers between the ages of

A recent study found that 64?% of workers between the ages of? 20-29 cash out their retirement accounts when they lose their jobs or move to a new employer. Complete parts a through e below based on a random sample of 14 ...

Star corp is considering investing in new equipment to

Star Corp. is considering investing in new equipment to serve more customers. You have been asked to determine the required return of Star Corp's common equity, assuming that the firm will raise new equity financing to f ...

A researcher records the sound in decibels during a series

A researcher records the sound (in decibels) during a series of lessons taught by a substitute teacher at a local elementary school. In his study, he found that the sound was 20±2 (M±SD) decibels. Assuming the data are n ...

Why has libor played such a central role in international

Why has LIBOR played such a central role in international business and financial contracts? Why has this been questioned in recent debates over its value reported?

You want to you want to estimate the mean weight of

You want to you want to estimate the mean weight of quarters in circulation. A sample of 30 quarters has a mean weight of 5.649 grams in a standard deviation of 0.066 gram. Use a single value to estimate the mean weight ...

A survey of a random sample of 1000 smartphone owners found

A survey of a random sample of 1000 smartphone owners found that the mean daily time spent communicating on a smartphone was 131.4 minutes. From previous studies, it is assumed that the population standard deviation is 2 ...

On the ballot illinois voters had the option to select yes

On the ballot, Illinois voters had the option to select "yes" or "No" when asked if the state's minimum wage should be increased from $8.25 to $10 an hour by January 1, 2015. Before the actual voting date, a survey with ...

An equally weighted portfolio consists of 41 assets which

An equally weighted portfolio consists of 41 assets which all have a standard deviation of 0.137. The average covariance between the assets is 0.118. What is the standard deviation of this portfolio expressed as a percen ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Statistics and Probability Expert