Question

Asked Oct 11, 2019

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The question is 6.12. A, B, C, and D go to 6.12 but just fall on a different page. Part D. also corresponds to 6.12. Need help on part A,B,C.

Step 1

part(1)

The sample space of all possible outcomes of winning or losing two bids.

S = {WL, LW, LL,WW}

W: winning bid

L: losing bid

Step 2

Part (2):

Compute probability of each outcome in the sample space.

From the given information,

Probability of winning the first bid is 0.1

Probability of winning the second bid is 0.2

P(WL)= P (winning the first bid but losing the second bid)

= P (winning the first bid) * P (losing the second bid)

= P (winning the first bid) * [1 – P(winning the second bid)]

= 0.1 * [1 &n...

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