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Base construction Inc and Olive Construction Inc are local competitors who bid on some public construction projects from time to time. Base Inc bids on 70% of projects when Olive Inc knows that Base Inc does not bid on a given project, they bid on that project 50% of the time. However when Olive Inc knows that Base Inc bids on a given project, they bid on that project 25% of the time.
Compute the probability of an event that Base construction Inc does not bid on a randomly selected project, knowing that Olive Construction Inc bids on that random project?
A. 40%
B.42%
C.44%
D.46%
Find the probability that none of the Arkansas workers belongs to a union.- Find the probability that at least one worker from each state belongs to a union.
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Decision making under risk is the same as decision making under uncertainty because in both the probabilities are unknown.
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the number of customers arriving per hour at a certain automobile service facility is assumed to follow a poisson
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an urn contains n balls k black and n-k white. a random sample of size n selected without replacement and the random
The life expectancy of a lung cancer patient treated with a new drug is normally distributed with a mean of 4 years and a standard deviation of 10 months.
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Calculate the control limits for a c chart when Ubar = 3.0%, n = 60, and you collect one sample per hour for 40 hours of production. (2 sets of control limits required, x bar and range)
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