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Assignment:
A contractor submitted a bid on two contracts. We were told that his probability of winning the first contract is 40%. If he wins the first contract, the probability of winning the second contract is 70%. However, if he loses the first contract, the probability of winning the second contract is 50%.
a) What is the probability that he wins both contracts?
b) What is the probability that he loses both contracts?
c) What is the probability that he wins only one contract?
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