Given that the firm got the second contract what is the


In manager for a construction firm is been And two large contracts. He believes the probability of his firm winning contract #1Is 0.8. If the firm wins contract #1,TheProbabilityOfTheFirmAlsoWinningContract #2 Will Be 0.2. If the firm fails to win contract number one, the probability of the firm winning contract #2 Will Be 0.4. A competitor here's that the firm got the second contract but here's nothing about the first contract. Given that the firm got the second contract, what is the probability that firm also got the first contract? Note: The probability of the firm one in contract #2 Is 0.24.

Solution Preview :

Prepared by a verified Expert
Basic Statistics: Given that the firm got the second contract what is the
Reference No:- TGS02900797

Now Priced at $10 (50% Discount)

Recommended (95%)

Rated (4.7/5)