A First Course in Probability (10th Edition)
A First Course in Probability (10th Edition)
10th Edition
ISBN: 9780134753119
Author: Sheldon Ross
Publisher: PEARSON
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A consulting firm is bidding for two jobs, one with each of two multinational corporations. The company executives estimate that the probability of obtaining the consulting job with firm A, event A, is
0.6. The executives also feel that if the company should get the job with firm A, then there is 0.5 probability that firm B will also give the consulting job. What is the chance of the company getting
both jobs.
O None in the list
0.500
0.700
0.300
0.600
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Transcribed Image Text:A consulting firm is bidding for two jobs, one with each of two multinational corporations. The company executives estimate that the probability of obtaining the consulting job with firm A, event A, is 0.6. The executives also feel that if the company should get the job with firm A, then there is 0.5 probability that firm B will also give the consulting job. What is the chance of the company getting both jobs. O None in the list 0.500 0.700 0.300 0.600
Expert Solution
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Step 1

Given information

P(A)=0.60, P(B|A)=0.50

 

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