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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.)

College Algebra
College Algebra
10th Edition
ISBN:9781337282291
Author:Ron Larson
Publisher:Ron Larson
Chapter8: Sequences, Series,and Probability
Section: Chapter Questions
Problem 41CT: On a game show, a contestant is given the digits 3, 4, and 5 to arrange in the proper order to form...
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Please can you check my answer if it’s correct also,the last question I’m struggling to solve it.
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.)
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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