An oil exploration company currently has two active projects, one in Asia and the other in Europe. Let A be the event that the Asian project is successful and B be the event that the European project is successful. Suppose that A and B are independent events with P(A) = 0.4 and P(B) = 0.7. a. If the Asian project is not successful, what is the probability that the European project is also not successful? Explain your reasoning. b. What is the probability that at least one of the two projects will be successful? c. Given that at least one of the two projects is successful, what is the probability that only the Asian project is successful?

An oil exploration company currently has two active projects, one in Asia and the other in Europe. Let A be the event that the Asian project is successful and B be the event that the European project is successful. Suppose that A and B are independent events with P(A) = 0.4 and P(B) = 0.7. a. If the Asian project is not successful, what is the probability that the European project is also not successful? Explain your reasoning. b. What is the probability that at least one of the two projects will be successful? c. Given that at least one of the two projects is successful, what is the probability that only the Asian project is successful?

Name: An oil exploration company currently has two activeprojects, one in As
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Description: An oil exploration company currently has two activeprojects, one in Asia and the other in Europe. Let Abe the event that the Asian project is successful and B bethe event that the European project is successful. Supposethat A and B are independent ev

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Types of Bias

Statistics is the study of data collection, organization, analysis, interpretation, and presentation. Statistical bias is a characteristic of a statistical technique or its findings in which the expected value deviates from the actual root quantitative parameter being estimated. According to the actual definition of bias, it refers to the tendency of a statistic to overestimate or underestimate a parameter.

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a. If the Asian project is not successful, what is the
probability that the European project is also not successful? Explain your reasoning.

b. What is the probability that at least one of the two
projects will be successful?

c. Given that at least one of the two projects is successful, what is the probability that only the Asian project
is successful?

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