SOLUTION: A construction firm has bid on two different contracts. Let B1 be the event that the first bid is successful and B2, that the second bid is successful. Suppose that p(B1) =.4, p(B2

Question 1179351: A construction firm has bid on two different contracts. Let B1 be the event that the first bid is successful and B2, that the second bid is successful. Suppose that p(B1) =.4, p(B2)=.6 and that the bids are independent.What is the probability that:
(I) Both bids are successful?
(II) Neither bid is successful?
Answer by Boreal(15235) (Show Source): You can put this solution on YOUR website!
for both, assuming independence, if is 0.4*0.6=0.24.
for neither, same assumption, it is 0.6*0.4=0.24
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