Two engines (one old and one new) fail independently of one another. The probability that both engines fail is .01. The probability that ONLY the new engine fails is .03. Find the probability that... a) the new engine fails b) both engines work (do not fail)

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Two engines (one old and one new) fail independently of one another. The probability that both engines fail is .01. The probability that ONLY the new engine fails is .03. Find the probability that...

a) the new engine fails

b) both engines work (do not fail)

Expert Solution
Step 1

Independent events:

Those two or more events are considered independent events if the appearance of any one of the events has no impact on any of the other remaining events; that is, the likelihood of one does not affect the likelihood of others. 
 

Given information:

Two engines (one old and one new) fail independently of one another.

Let the failure of old engine be represented by O.

Let the failure of new engine be represented by N.

The probability that both engines fail is, PO and N=0.01

The probability that ONLY the new engine fails is, Ponly N=0.03

 

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