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Mathematics, 21.02.2020 04:44 josephsalazar123
A certain federal agency employs three consulting firms (A, B and C) with probabilities 0.4, 0.35 and 0.25 respectively. From past experience it is known that the probability of cost overruns for the firms are 0.05, 0.03, and 0.15, respectively.
a. Suppose a cost overrun is experienced by the company. What is the probability that the consulting firm involved is company A?
b. Are the events selecting company A, and incurring in cost overruns independent?
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A certain federal agency employs three consulting firms (A, B and C) with probabilities 0.4, 0.35 and...
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