A building company bids on two large projects. The CEO believes the chance of winning the 1st is 0.6, the chance of winning the
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(a)
The sample space is a set whose elements are all the possible outcomes for the experiment. Since we will extract one of the months of the years, the sample space is the set composed by all the 12 months:
(b)
An event is a subset of the sample space. Events are often defined by their properties. In this example, the event E is the subset of the sample space defined as
So, we have
(c)
If all outcomes have equal probability, then the probability of an event is the ratio bewteen its cardinality, and the cardinality of the whole sample space:
In words, since there are three months beginning with J out of 12 months, we have a probability of 3 over 12 to pick a month starting with J, which simplifies to 1 over 4.