Mr x CEO of XYZ limited is studying his company chance of being awarded an important contract regarding sewer maintenance system from the government of delhi .In this regard two independent events of particular interest. First event is that XYZ limited main competitor ,ABC limited conducting drainage research,which it hopes, may complete before contract award dead line.Second event is that there are rumours of investigation by government of delhi of all recent contractors of which XYZ is not.
If ABC limited finishes it's research and there is no investigation, then XYZ limited probability of being awarded the contract is 0.66 . If there is an investigation but ABC limited does not finish it's research, the probability is 0.73 . if both events occur the probability is 0.59 and neither occurs the probability is 0.85
REQUIRED
i} Calculate the probability of XYZ limited being awarded the contract if the probability of investigation is 0.80 and the probability of ABC limited completing its research in time is 0.85
ii} If the probability of ABC limited completing its research in time is 0.80 then, how low must the probability of investigation be so that the probability XYZ limited being awarded contract is at least 0.65
If ABC limited finishes it's research and there is no investigation, then XYZ limited probability of being awarded the contract is 0.66 . If there is an investigation but ABC limited does not finish it's research, the probability is 0.73 . if both events occur the probability is 0.59 and neither occurs the probability is 0.85
REQUIRED
i} Calculate the probability of XYZ limited being awarded the contract if the probability of investigation is 0.80 and the probability of ABC limited completing its research in time is 0.85
ii} If the probability of ABC limited completing its research in time is 0.80 then, how low must the probability of investigation be so that the probability XYZ limited being awarded contract is at least 0.65
