Find the probability that company win both contracts

Reference no: EM13130511

An aerospace company has submitted bids on two separate federal government defense contracts. The company president believes that there is a 39% probability of winning the first contract. If they win the first contract, the probability of winning the second is 75%. However, if they lose the first contract, the president thinks that the probability of winning the second contract decreases to 48%.

A. What is the probability that they win both contracts?
B. What is the probability that they lose both contracts?
C. What is the probability that they win only one contract?

Reference no: EM13130511

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