Probability
Let A be the event that the construction job will be completed on time, and B be the event that there will be a strike.
Now P(B) = 0.65
P(no strike) = P(B’) = 1 - P(B) = 1 - 0.65 = 0.35
P(A | B) = 0.32, P(A | B') = 0.80
Since events B and B' form a partition of the sample space S,
∴ By theorem on total probability, we have
P(A) = P(B) P(A | B) + P(B') P(A | B’)
= 0.65 × 0.32 + 0.35 × 0.8
= 0.208 + 0.28 = 0.488
∴ the probability that the construction job will be completed in time is 0.488.
Sponsor Area
Sponsor Area
Sponsor Area