jaelyngaston454
Answered

Welcome to Westonci.ca, where your questions are met with accurate answers from a community of experts and enthusiasts. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.

Anne is choosing a contractor. She has narrowed down her selection to two
companies and will base her decision on the likelihood that the job is done on
time and on budget. She uses online reviews to estimate the probabilities.
Which contractor should Anne choose to maximize the probability that the job will be done on time and on budget? Assume all events are independent.

Anne Is Choosing A Contractor She Has Narrowed Down Her Selection To Two Companies And Will Base Her Decision On The Likelihood That The Job Is Done On Time And class=

Sagot :

Parrain

Answer: A. Contractor A. The probability that both conditions are met is 0.93

Step-by-step explanation:

Probability of two independent events happening can be found by multiplying them.

Probability of A doing the job on time and on budget:

= Probability that job is done on time * Probability it is done on budget

= 0.97 * 0.96

= 0.93

Probability of B doing the job on time and on budget:

= 0.93 * 0.98

= 0.91

Contractor A has the better probability at 0.93 so should be chosen.

We appreciate your visit. Hopefully, the answers you found were beneficial. Don't hesitate to come back for more information. We appreciate your time. Please come back anytime for the latest information and answers to your questions. Keep exploring Westonci.ca for more insightful answers to your questions. We're here to help.