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Economics

An aerospace company has submitted bids on two separate government contracts, A and B. It feels it has a 50% chance of winning contract A and a 40% chance of winning contract B. Furthermore, it believes that winning contract A is independent of winning contract B.

What is the probability that the company will win both contracts?

What is the probability that the company will win at least one of the two contracts?

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Microeconomics, Economics

Category:- Microeconomics
Reference No.:- M91229808

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