Extra TutorialAn engineering firm with good track record is known to have 40% success rate ingetting state-government construction contracts. Recently, the firm submitted bidson eight construction projects to be funded by the state-government. The bids fordifferent projects are assessed independently of each other.i. Find the probability that the firm will get none of these contracts?ii. What is the probability that the sevemth contract is the second contract thatthe firm failed to get?

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Description: Extra TutorialAn engineering firm with good track record is known to have 40% success rate ingetting state-government construction contracts. Recently, the firm submitted bidson eight construction projects to be funded by the state-government. The b

i) There are 8 projects with probability of getting a project is 0.4 n=8p=0.4 The X is the number of…

Math

Statistics

An engineering firm with good track record is known to have 40% success rate in getting state-government construction contracts. Recently, the firm submitted bids on eight construction projects to be funded by the state-govermment. The bids for different projects are assessed independently of each other. i. Find the probability that the firm will get none of these contracts? ii. What is the probability that the seventh contract is the second contract that the firm failed to get?

An engineering firm with good track record is known to have 40% success rate in getting state-government construction contracts. Recently, the firm submitted bids on eight construction projects to be funded by the state-govermment. The bids for different projects are assessed independently of each other. i. Find the probability that the firm will get none of these contracts? ii. What is the probability that the seventh contract is the second contract that the firm failed to get?

MATLAB: An Introduction with Applications

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Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

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Concept explainers

Contingency Table

A contingency table can be defined as the visual representation of the relationship between two or more categorical variables that can be evaluated and registered. It is a categorical version of the scatterplot, which is used to investigate the linear relationship between two variables. A contingency table is indeed a type of frequency distribution table that displays two variables at the same time.

Binomial Distribution

Binomial is an algebraic expression of the sum or the difference of two terms. Before knowing about binomial distribution, we must know about the binomial theorem.

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Question

Extra Tutorial
An engineering firm with good track record is known to have 40% success rate in
getting state-government construction contracts. Recently, the firm submitted bids
on eight construction projects to be funded by the state-government. The bids for
different projects are assessed independently of each other.
i. Find the probability that the firm will get none of these contracts?
ii. What is the probability that the sevemth contract is the second contract that
the firm failed to get?

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