QUESTION 2Three local textile distributors (K, L, and M) are competing for a contract to supply textiles toCompany XYZ. The probabilities that textile distributors K, L, and M will win the contract are0.4, 0.3, and 0.3, respectively. If textile distributors K, L, and M win the contract, theprobabilities that they will make profits are 0.65, 0.85, and 0.45, respectively.a) Draw a tree diagram for the above information.b) Calculate the probability that the contract was awarded to textile distributor K given thatthe contract is found to be unprofitable.

P( K win the contract ),PK=0.4 P( L win the contract ),PL=0.3 P( M win the contract ),PM=0.3 P( K…

Answered: Calculate the probability that the…

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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Calculate the probability that the contract was awarded to textile distributor K given that the contract is found to be unprofitable.