Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Statistics and Probability Expert

James and John are working on a project. They each have to finish their individual tasks to complete the project and work independent of each other. When James is asked about the chances of him getting his part done, John getting his part done, and then both getting the entire project done, he estimates these to be 99%, 90%, and 95%, respectively. Is this reasonable?

EXPLAIN IN DETAIL

Statistics and Probability, Statistics

  • Category:- Statistics and Probability
  • Reference No.:- M92662303
  • Price:- $20

Priced at Now at $20, Verified Solution

Have any Question?


Related Questions in Statistics and Probability

You have a bag with three fair dice one is 4-sided one is

You have a bag with three fair dice. One is 4-sided, one is 6-sided, and one is 12-sided. You reach into the bag, pick one die at random, and roll it. The outcome of the roll is 4. What is the probability that you rolled ...

Interested in learning more about its fans the marketing

Interested in learning more about its fans, the marketing office of the Arena Football League (AFL) conducted a survey at one of its games. The survey had 952 respondents, 679 males and 273 females. Out of the 952 total ...

One study based on responses from 1 013 randomly selected

One study, based on responses from 1, 013 randomly selected teenagers, concluded that 43% of teenagers cite grades that their greatest source of pressure. Use a 0.05 significance level to test the claim that fewer than h ...

Assume that 8 of people have ab blood a hospital blood bank

Assume that 8% of people have AB blood. A hospital blood bank needs ABblood so the blood bank begins checking potential donors. Use this Excel file geometric probabilities (enable the macro after opening the file) or thi ...

A large furniture retailer wants to conduct a customer

A large furniture retailer wants to conduct a customer satisfaction survey. Customers are divided into groups based on the amount of money they have spent at the retailer's stores in the past year: less than $2000, from ...

A stock price is currently 112 stock price move up by 10 or

A stock price is currently $112. Stock price move up by 10% or down by 14%. The risk-free interest rate is APR 2% with continuous compounding. What is the value of a six-month European put option with a strike price of $ ...

A random sample ofnbsp86nbspeighth grade students scores on

A random sample of 86 eighth grade? students' scores on a national mathematics assessment test has a mean score of 292. This test result prompts a state school administrator to declare that the mean score for the? state' ...

A sample of 100 people is classified by gender malefemale

?A sample of 100 people is classified by gender (male/female) and by whether they are registered voters. The sample consists of 80 females and 20 males, and has a total of 60 registered voters. If these data are used for ...

A coin is biased so that the probability of obtaining heads

A coin is biased so that the probability of obtaining heads is ¾, What is the probability of obtaining at least three heads in four tosses of the coin?

Suppose we know the following probabilitiesrepublican

Suppose we know the following probabilities: Republican Democrat Independent Female 0.076 0.191 0.006 Male 0.175 0.013 ? Enter the probability of events Democrat and Female occurring jointly with 3 decimal place accuracy ...

  • 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

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As