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What is the probability that company will win both contracts

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Reference no: EM133010865

An international aerospace company has submitted bids on two separate government defense contracts, A and B. The company 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.

Problem 1: What is the probability that the company will win both contracts?

Problem 2: What is the probability that the company will win either of these contracts?

Reference no: EM133010865

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