a) Are the outcomes of the two contracts bids independent? Explain. OA. Yes, the outcome of the first contract has no impact on the second contract O B. No; the outcome of the first contract determines the probability of getting the second contract OC. No, no events are independent OD. Yes, all events are independent. b) Find the probability you get both contracts. (Type an integer or a decimal. Do not round.) c) Find the probability you get neither contracts. (Type an integer or a decimal. Do not round.)

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Vour compiny blde for bun contracts You believe the probability that you get contract # 1 is 0.7. If you get contract #1, the probability you also get contract #2 will be 0.6, and if you do not get contract #1, the probability that you get contract #2 will be 0.4. Complete parts a
through e below.
a) Are the outcomes of the two contracts bids independent? Explain.
O A. Yes; the outcome of the first contract has no impact on the second contract.
O B. No: the outcome of the first contract determines the probability of getting the second contract.
OC. No, no events are independent.
O D. Yes, all events are independent.
b) Find the probability you get both contracts.
(Type an integer or a decimal. Do not round.)
c) Find the probability you get neither contracts.
(Type an integer or a decimal. Do not round.)
d) Let X be the number of contracts you get Find the probability model for X.
P(x)
(Type integers or decimals. Do not round.
e) Find the expected value and standard deviation of X.
The expected value of X is
(Type an integer or a decimal. Do not round.)
The standard deviation of X is
Transcribed Image Text:Vour compiny blde for bun contracts You believe the probability that you get contract # 1 is 0.7. If you get contract #1, the probability you also get contract #2 will be 0.6, and if you do not get contract #1, the probability that you get contract #2 will be 0.4. Complete parts a through e below. a) Are the outcomes of the two contracts bids independent? Explain. O A. Yes; the outcome of the first contract has no impact on the second contract. O B. No: the outcome of the first contract determines the probability of getting the second contract. OC. No, no events are independent. O D. Yes, all events are independent. b) Find the probability you get both contracts. (Type an integer or a decimal. Do not round.) c) Find the probability you get neither contracts. (Type an integer or a decimal. Do not round.) d) Let X be the number of contracts you get Find the probability model for X. P(x) (Type integers or decimals. Do not round. e) Find the expected value and standard deviation of X. The expected value of X is (Type an integer or a decimal. Do not round.) The standard deviation of X is
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