According to a construction company plan, a project must be implemented in three consecutive stages during six months. The chance that the first stage is completed on time is (0.5). The chance that the second stage is completed on time is (0.3) given that the first stage is completed on time. The chance that the third stage is completed on time is (0.2) given that both the first and the second stages are completed on time. Accordingly, the probability will be equal to (1) when all three stages .are completed on time

According to a construction company plan, a project must be implemented in three consecutive stages during six months. The chance that the first stage is completed on time is (0.5). The chance that the second stage is completed on time is (0.3) given that the first stage is completed on time. The chance that the third stage is completed on time is (0.2) given that both the first and the second stages are completed on time. Accordingly, the probability will be equal to (1) when all three stages .are completed on time

Fundamentals Of Construction Estimating

4th Edition

ISBN:9781337399395

Author:Pratt, David J.

Publisher:Pratt, David J.

Chapter14: Pricing General Expenses

Section: Chapter Questions

Problem 2RQ

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