SOLUTION: The probability that a contractor will win a bid for contract A is 0.45; the probability that the contractor will win a bid for contract B is 0.25. The two bids are believed to be
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Question 629160: The probability that a contractor will win a bid for contract A is 0.45; the probability that the contractor will win a bid for contract B is 0.25. The two bids are believed to be independent of each other. What is the probability that the contractor will win at least one of the two bids?
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
The probability that a contractor will win a bid for contract A is 0.45; the probability that the contractor will win a bid for contract B is 0.25. The two bids are believed to be independent of each other. What is the probability that the contractor will win at least one of the two bids?
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P(wind at least one) = 1 - P(lose both) = 1 - 0.55*0.75 = 0.5875
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Cheers,
Stan H.
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