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27 December, 22:13

A company is bidding on two projects, A and B. The probability that the company wins project A is 0.70 and the probability that the company wins project B is 0.38. Winning project A and winning project B are independent events. What is the probability that the company does not win either project?

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  1. 27 December, 23:37
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    0.186

    Explanation:

    For computing the probability of not win either project first we have to calculate the probability of wining of project A or project B which is shown below:

    P (A or B) = P (A) + P (B) - P (A & B)

    = 0.70 + 0.38 - 0.70 * 0.38

    = 1.08 - 0.266

    = 0.814

    P (neither) = 1 - P (A or B)

    = 1 - 0.814

    = 0.186

    We simply applied the above formula so that the probability of the company that it does not win either project comes
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