Calculated Risk
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- Dec 21, 2019
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A contractor will bid for two jobs in sequence. She has 0.8 probability of winning the first job. If she wins the first job then she has 0.2 chance of winning the second job; if she loses the first job then she has 0.3 chance of winning the second job. Let X denote the number of jobs that she wins. Find the probability mass function of X.
My solution:
event A: she wins the first job.
event B: she wins the second job.
P(A) = 0.8 => P(A')=0.2
P(B|A) = P(AB)/P(A) = 0.2 => P(AB) =0.16 (Chance of winning both jobs, X=2)
P(B|A') =P(A'B)/P(A') = 0.2
I'm not sure from here I can conclude that P(B) = P(A')x0.2 but this would solve the problem. I know how to continue after this part, I just need to know if it's correct and why it is so.
Thanks.
My solution:
event A: she wins the first job.
event B: she wins the second job.
P(A) = 0.8 => P(A')=0.2
P(B|A) = P(AB)/P(A) = 0.2 => P(AB) =0.16 (Chance of winning both jobs, X=2)
P(B|A') =P(A'B)/P(A') = 0.2
I'm not sure from here I can conclude that P(B) = P(A')x0.2 but this would solve the problem. I know how to continue after this part, I just need to know if it's correct and why it is so.
Thanks.