document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1032432>Question 1032432</A>: <I><SPAN STYLE=\"word-break: break-all;\"> An aerospace company has submitted bids on two separate federal government defense contracts. The company president believes that there is a 41% probability of winning the first contract. If they win the first contract, the probability of winning the second is 75%. However, if they lose the first contract, the president thinks that the probability of winning the second contract decreases to 50%. \r<BR>\n" );
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document.write( "A. What is the probability that they win both contracts? \r<BR>\n" );
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document.write( "Probability =   \r<BR>\n" );
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document.write( "B. What is the probability that they lose both contracts? \r<BR>\n" );
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document.write( "Probability =   \r<BR>\n" );
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document.write( "C. What is the probability that they win only one contract? \r<BR>\n" );
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document.write( "Probability =   <BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #647090 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=647090\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> An aerospace company has submitted bids on two separate federal government defense contracts. The company president believes that there is a 41% probability of winning the first contract. If they win the first contract, the probability of winning the second is 75%. However, if they lose the first contract, the president thinks that the probability of winning the second contract decreases to 50%. <BR>\n" );
document.write( "A. What is the probability that they win both contracts? <BR>\n" );
document.write( "Probability = P(W and W) = 0.41*0.75 <BR>\n" );
document.write( "B. What is the probability that they lose both contracts? <BR>\n" );
document.write( "Probability = P(L and L) = 0.59*0.5<BR>\n" );
document.write( "C. What is the probability that they win only one contract? <BR>\n" );
document.write( "Probability = P(Win one) = 1 - [0.41*0.75+0.59*0.5]<BR>\n" );
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document.write( "Cheers,<BR>\n" );
document.write( "Stan H.<BR>\n" );
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