Anne is choosing a contractor. She has narrowed down her selection to two companies and will base her decision on the likelihood
that the job is done on time and on budget. Which contractor should Anne choose to maximize the probability that the job will be done on time and on budget?
1 answer:
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Answer:
2.0%
Step-by-step explanation:
The probability of two events happening in the sequence is calculated by multiplying the probability of each event happening separately by one another. Since there are a total of 7 letters in this word then the probability of choosing one letter correctly is . Since the first letter is replaced before choosing the second letter the probability remains the same. Therefore, the sequence would be the following...
= 0.020164 or 2.0%
This is an independent scenario because it does not depend on any external factors and under these circumstances the percentage will remain the same.