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 O 0.500 O 0.700 O 0.300 O 0.600

A First Course in Probability (10th Edition)
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Chapter1: Combinatorial Analysis
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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
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
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P(A)=0.60, P(B|A)=0.50

 

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