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Superior Construction Pte Ltd is a successful company dealing with many major projects in Singapore. Recently, it has submitted its biddings for two major Government projects. Project A worth about $120 million and the company believes it has 40% chance of securing the project. Project B worth $1.8 billion and there is 30% chance the company can win the project. Both projects are independent of each other. What is the probability that the company:
Will secure Project A or B but not both
Will not secure Project A or will not secure Project B
The distribution of amounts spent is approximately normal with a standard deviation of $10. Compute the probability of selecting a credit card customer at random and finding the customer charged between $70 and $83.
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Assume that demand for the upcoming weekend is normally distributed with a standard deviation of 30. What is the probability all the hotel's rooms will be rented?
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