What is the probability that the company will secure project

Assignment Help Basic Statistics
Reference no: EM131003676

Superior Construction Pte Ltd is a successful company dealing with many mmajor projects in Singapore. Recently, it has submitted its bidding 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:

a) will secure Project A or B but not both

b) will not secure Project A or will not secure Project B.

Reference no: EM131003676

Questions Cloud

Determine the amounts necessary to record arnold : Determine the amounts necessary to record Arnold's income taxes for 2012 and prepare the appropriate journal entry. Pretax accounting income was $50 million for the year ended December 31, 2012.
Someone donates blood : When  someone  donates  blood,  the  blood  is  mixed  with  a  form  of  chemical  called  an anticoagulant. What do you think an anticoagulant is and how is it helpful to the storage of blood for future use?
Interest is calculated on a loan or investment : The simple interest formula is I = Prt (Interest = Principal * rate * time). This is one way that interest is calculated on a loan or investment. Create a loan scenario: Tell a story about the purpose of the loan, who was involved, and explain the te..
Bronson industries reported a deferred tax liability : Determine the effect of the change and prepare the appropriate journal entry to record Bronson's income tax expense in 2011. What adjustment, if any, is needed to revise retained earnings as a result of the change?
What is the probability that the company will secure project : Superior Construction Pte Ltd is a successful company dealing with many mmajor projects in Singapore. What is the probability that the company: will secure Project A or B but not both
What is heterophagic intracellular digestion : What is heterophagic intracellular digestion? How is this process accomplished?
Mixed-strategy nash equilibrium : Player 1 (the “hider”) and player 2 (the “seeker”) play the following game. There are four boxes with lids, arranged in a straight line. For convenience, the boxes are labeled A, B, C, and D. The administrator of the game gives player 1 a $100 bill, ..
What is the main cell organelle involved in cell digestion : What is the main cell organelle involved in cell digestion? What properties of that organelle allow it to carry out its task?
Find the direction and magnitude of magnetic force : A long, straight wire carrying a current of I experiences a magnetic field of B to the left and at one instant, an electron, a distance d (mm) from the wire travels at a velocity v(m/s) parallel to the wire and in the same direction as the current..

Reviews

Write a Review

Basic Statistics Questions & Answers

  Salaries for various positions can vary significantly

salaries for various positions can vary significantly depending on whether the company is in the public or private

  You decide that a confidence level of 99 is more

a journal article reports that a sample of size 5 was used as a basis for calculating a 95 ci for the true average

  Find probability that bomber hit the target

The probability that a bomber hits its target on any particular mission is 0.80. Four bombers are sent after the same target. What is the probability: they all hit the target?

  Descriptive and inferential statistics

Differences in Descriptive and Inferential Statistics and analyze the differences between descriptive and inferential statistics.

  Perform a formal inference procedure

Explain why it is not appropriate to perform a formal inference procedure and yet it is still reasonable to conclude that the incidence rate is higher for gulf war veterans than for those who did not serve in the gulf war.

  The time in minutes it takes to install a certain software

the time in minutes it takes to install a certain software package is a continuous variable with the density.fx 4x3 if

  Minimize the variance of q3

Show that Q3 is an unbiased estimator for q and if Q1 and Q2 are independent, how should the constant a be chosen in order to minimize the variance of Q3?

  Confidence interval for the same problem

(a) Find the 95% confidence interval for the average monthly comprehensive car insurance premium paid by all owners of medium-sized cars. Interpret the result. (Use the z-table.) (b) Find the 90% confidence interval for the same problem. Interpret ..

  You are testing a null hypothesis

You are testing a null hypothesis that there is no linear relationship between two X and Y. From your sample of n=20, you determine that SSR=60 and SSE=40

  Injury of the medial epicondyle

Pitcher's elbow is a repetitive use injury of the medial epicondyle. What do the muscles that attach to the medial epicondyle control? How would you adapt this experiment to test these muscles?

  A new muscle relaxant is available researchers from the

a new muscle relaxant is available. researchers from the firm developing the relaxant have done studies that indicate

  A retail establishment accepts either the american credit

a retail establishment accepts either the american credit card or visa credit card. a total of 30 of its customers

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd