country
$20 Bonus + 25% OFF
Securing Higher Grades Costing Your Pocket? Book Your Assignment at The Lowest Price Now!
Add File

Error goes here

Superior Construction Pte Ltd Solved

Referencing Styles : Open | Pages : 4
expert
Andrew Barnes Completed Orders: 1261 Student Reviews Student Reviews Student Reviews Student Reviews Student Reviews 5/5

(a) Probability of winning project A = 0.4

Probability of winning project B = 0.3

i)    Probability of company securing project A or B = P(A) + P(B) – P(A and B) = 0.4 + 0.3 -0.4*0.3 = 0.58

P(A and B) = P(A)*P(B) since these two are independent events.

(ii) Probability of not winning A = 1-P(A) =  1-0.4= 0.6

Probability of not winning B = 1-P(B) = 1-0.3 = 0.7

Probability of not securing project A or project B = P(not securing A) + P(not securing B) –P(not securing both) = 0.6 + 0.7 –(0.6*0.7) = 0.88

b) I do not agree with the statement that mutually exclusive events will be independent events. This is primarily because in case of mutually exclusive events the probability of both the events happening together is zero.

However, for independent events , probability of both the events happening together is equal to the product of the two individual probabilities.

Hence, in independent events, P(A and B) = P(A)*P(B)

The product of two probabilities would be zero only if one of the numbers is zero which is not always the case.

Hence, mutually exclusive events will not be independent in every case and would be true for selected few cases where the probability of one of the events is zero.

Mutually Exclusive Event

Consider a situation where, the company has $ 10 million funds and is considering investment in two project A and B which both demand an outlay of $ 10 million. This is an example of a mutually exclusive event since if the company decides to invest in project A, then project B is automatically ruled out and vice versa. Also, the company cannot invest in both projects simultaneously.

Independent Event

Consider a situation where, the company has invested in two unrelated businesses which are under completely different management. The success of these businesses would be independent since they would not rely on the success or failure of each other.

Solutions

OR

MyAssignmenthelp.com is aimed at providing top-notch quality thesis help online to students in USA. We focus all our efforts to meet students requirements and answerer their queries such as can someone do my thesis paper within given time limit. With required knowledge and years of experience in academic writing, we are ready to offer reliable thesis writing assistance that can prove to be the best answer to can expert write my thesis paper. We guarantee that students, who suffer from the dilemma whether they can buy thesis paper online, will find our services satisfactory.

Save Time & improve Grade

Just share requirement and get customized Solution.

watch
question
We will use e-mail only for:

arrow Communication regarding your orders

arrow To send you invoices, and other billing info

arrow To provide you with information of offers and other benefits

Add File

Error goes here

1,501,287

Orders

4.9/5

Overall Rating

5,101

Experts

Our Amazing Features

delivery

On Time Delivery

Our writers make sure that all orders are submitted, prior to the deadline.

work

Plagiarism Free Work

Using reliable plagiarism detection software, Turnitin.com.We only provide customized 100 percent original papers.

time

24 X 7 Live Help

Feel free to contact our assignment writing services any time via phone, email or live chat. If you are unable to calculate word count online, ask our customer executives.

subject

Services For All Subjects

Our writers can provide you professional writing assistance on any subject at any level.

price

Best Price Guarantee

Our best price guarantee ensures that the features we offer cannot be matched by any of the competitors.

Our Experts

Assignment writing guide
student rating student rating student rating student rating student rating 4/5

1309 Order Completed

100% Response Time

Gemmie Chen

MSc in Nursing

Singapore, Singapore

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

755 Order Completed

95% Response Time

Douglas Cowley

Masters in Finance with Specialization in Audit

Wellington, New Zealand

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

1592 Order Completed

96% Response Time

Jane Sima

Ph.D in Psychology with Specialization in Industrial-Organizational Psychology

Singapore, Singapore

Hire Me
Assignment writing guide
student rating student rating student rating student rating student rating 5/5

2830 Order Completed

97% Response Time

Leroy Bicknell

MBA in Marketing

London, United Kingdom

Hire Me

FREE Tools

plagiarism

Plagiarism Checker

Get all your documents checked for plagiarism or duplicacy with us.

essay

Essay Typer

Get different kinds of essays typed in minutes with clicks.

edit

GPA Calculator

Calculate your semester grades and cumulative GPa with our GPA Calculator.

referencing

Chemical Equation Balancer

Balance any chemical equation in minutes just by entering the formula.

calculator

Word Counter & Page Calculator

Calculate the number of words and number of pages of all your academic documents.

Refer Just 5 Friends to Earn More than $2000

Check your estimated earning as per your ability

1

1

1

Your Approx Earning

Live Review

Our Mission Client Satisfaction

Excellent work from this expert, thank you, it was very well written looking forward for the next one

flag

User Id: 348179 - 26 Nov 2020

Australia

student rating student rating student rating student rating student rating

Good evening Thank you very much for your GREAT WORK I really appreciate your effort I like it

flag

User Id: 394056 - 25 Nov 2020

Australia

student rating student rating student rating student rating student rating

Can i come back and share my grade as i\'m about to submit but im very pleased with your work thank you very much

flag

User Id: 552971 - 25 Nov 2020

Australia

student rating student rating student rating student rating student rating

it was really helpful. i got my asssignment on time even before the deadline.it was written really well i am glad that I came to Myassignmenthelp.

flag

User Id: 401534 - 24 Nov 2020

Australia

student rating student rating student rating student rating student rating
Superior Construction Pte Ltd has been added in your library.
callback request mobile
Have any Query?