A certain federal agency employs three consulting firms (A, B, and C) with probabilities of 0.40, 0.35, and 0.25, respectively. From past experience, it is known that the probability of cost overruns for the firms is 0.05, 0.03, and 0.15, respectively.
P(A) =0.40
P(B) =0.35
P(C ) =0.25
O = cost over run
P(O/A)=0.05
P(O/B)=0.03
P(O/C)=0.15
Baye’s theorem was used.
An a. What is the probability that this federal agency experiences a cost overrun?
P(O) = P(O/A)* P(A) + P(O/B)* P(B) + P(O/C)* P(C )
=0.05*0.40+0.03*0.35+0.15*0.25
=0.068
b. Suppose a cost overrun is experienced by the agency. What is the probability that the consulting firm involved is company C?
P(C/O) = P(O/C)* P(C ) / P(O)
=0.15*0.25 / 0.068
=0.551471
Probability is a branch of mathematics that quantifies the likelihood of an event occurring or the likelihood of a statement being true. The probability of an event is a number between 0 and 1, with approximately 0 indicating the improbability of the event and 1 indicating certainty.
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Answer: m (the slope) = 1/7
Step-by-step explanation:
The slope formula is attached. When you plug in the numbers, you get 1/7 -
0 - 1 / -7 - 0
<span>To be able to determine what percentage of 162 is 150, we divide 150 by 162. We then obtain the answer of 0.9259. Next, we multiply the calculated ratio by 100% to determine the percentage. This operation gives us the answer of 92.59%. Rounding off, the answer is 93%. </span>
Step-by-step explanation:
Input:
Input is generally defined as the information that is sent or passed to a computer or the information what is taken. The devices that are used to give or offer such information is know as Input devices.
For example:
We usually use keyboard to type and give a specific data to the computer and hence it can be considered as an Input device.
Output:
Output is generally defined as the source of information that is received or processed by the computer or the information what is given back. The devices that are used to give back such information is know as Output devices.
Example:
Printers takes the input from us,process it and gives back the output in the form of printed sheets,Hence it can be considered as Output device.
Answer:
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Step-by-step explanation:
THIS Nl994 BRO