What we know:
(Also, )
What we need to solve:
(This is equal to
)
How you have to subtract with
to get:
Thus, the answer would be:
Please help thank you
1 answer:
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Answer: Our required probability is 0.55.
Step-by-step explanation:
Since we have given that
Probability that chance of winning the hotel bid = 40%
Probability that no chance of winning the hotel bid = 100-40=60%
Probability that chance of winning the office building bid = 25%
Probability that no chance of winning the office building bid = 100-25 = 75%
So, Probability that the company will win at least one contract is given by
Hence, our required probability is 0.55.