Tammy Is a General Contractor and Has Submitted Two Bids

question 125

Essay

Tammy is a general contractor and has submitted two bids for two projects (A and B). The probability of getting project A is 0.65. The probability of getting project B is 0.77. The probability of getting at least one of the projects is 0.90.
a.What is the probability that she will get both projects?
b.Are the events of getting the two projects mutually exclusive? Explain, using probabilities.
c.Are the two events independent? Explain, using probabilities.

Understand the concept and principles of classical conditioning.

Distinguish between different forms of learning, such as operant conditioning, observational learning, and associative learning.

Identify the role of stimuli and responses in conditioned behaviors.

Recognize the applications and implications of learning theories in various contexts.

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Definitions:

Liability Increase

An augmentation in the current obligations that a company owes, which may include loans, accounts payable, mortgages, deferred revenues, or other debts.

Cost Of Assets Consumed

Expenses associated with the using up of assets resulting from operational activities.

Expense

Money spent or costs incurred in the process of generating revenue.

Shareholders' Equity

The residual interest in the assets of a company after deducting liabilities, representing the owners' claims on the company assets.