Messenger Service ​ Three Messenger Services Deliver to a Small Town in Small

question 105

Short Answer

Messenger Service ​
Three messenger services deliver to a small town in Oregon.Service A has 60% of all the scheduled deliveries,service B has 30%,and service C has the remaining 10%.Their on-time rates are 80%,60%,and 40% respectively.Define event O as a service delivers a package on time. ​ ​
-{Messenger Service Narrative} Calculate P(A and O).

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Definitions:

Expected Yield

The anticipated return on an investment, measured in income or value increase.

Total Utility

The complete satisfaction obtained from consuming a given amount of goods or services.

Investment Opportunities

Refers to financial or economic projects or assets in which an individual, company, or government can invest with the expectation of receiving future profits.

Risk Free

An investment with a certain return, with no possibility of financial loss.