Your company bids for two contracts. You believe the probability that you get contract #1 is 0.7. If you get contract #1, the probability you also get contract #2 will be 0.5, and if you do not get contract #1, the probability that you get contract #2 will be 0.2. Complete parts a through e below. ... OA. No; the outcome of the first contract determines the probability of getting the second contract. No; no events are independent. B. C. Yes; the outcome of the first contract has no impact on the second contract. OD. Yes; all events are independent. b) Find the probability you get both contracts. 0.35 (Type an integer or a decimal. Do not round.) c) Find the probability you get neither contracts. 0.24 (Type an integer or a decimal. Do not round.) d) Let X be the number of contracts you get. Find the probability model for X. X P(x) 0 1 2 0.24 0.41 0.35 (Type integers or decimals. Do not round.) e) Find the expected value and standard deviation of X. The expected value of X is 1.11 (Type an integer or a decimal. Do not round.) The standard deviation of X is (Round to three decimal places as needed.)
Your company bids for two contracts. You believe the probability that you get contract #1 is 0.7. If you get contract #1, the probability you also get contract #2 will be 0.5, and if you do not get contract #1, the probability that you get contract #2 will be 0.2. Complete parts a through e below. ... OA. No; the outcome of the first contract determines the probability of getting the second contract. No; no events are independent. B. C. Yes; the outcome of the first contract has no impact on the second contract. OD. Yes; all events are independent. b) Find the probability you get both contracts. 0.35 (Type an integer or a decimal. Do not round.) c) Find the probability you get neither contracts. 0.24 (Type an integer or a decimal. Do not round.) d) Let X be the number of contracts you get. Find the probability model for X. X P(x) 0 1 2 0.24 0.41 0.35 (Type integers or decimals. Do not round.) e) Find the expected value and standard deviation of X. The expected value of X is 1.11 (Type an integer or a decimal. Do not round.) The standard deviation of X is (Round to three decimal places as needed.)
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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Transcribed Image Text:Your company bids for two contracts. You believe the probability
that you get contract #1 is 0.7. If you get contract #1, the
probability you also get contract #2 will be 0.5, and if you do not
get contract #1, the probability that you get contract #2 will be
0.2. Complete parts a through e below.
OA. No; the outcome of the first contract determines the
probability of getting the second contract.
No; no events are independent.
B.
C.
...
Yes; the outcome of the first contract has no impact on
the second contract.
OD. Yes; all events are independent.
b) Find the probability you get both contracts.
0.35
(Type an integer or a decimal. Do not round.)
c) Find the probability you get neither contracts.
0.24
(Type an integer or a decimal. Do not round.)
d) Let X be the number of contracts you get. Find the probability
model for X.
0
1
2
0.24
0.41
0.35
(Type integers or decimals. Do not round.)
e) Find the expected value and standard deviation of X.
X
P(x)
The expected value of X is 1.11
(Type an integer or a decimal. Do not round.)
The standard deviation of X is
(Round to three decimal places as needed.)
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