Mathematics, 02.06.2020 18:59 lucinda90
You are a local startup company working on a smart dashboard camera system. You are bidding to be a supplier for both Ford Motor company and General Motors. Both the companies have a two-tier system where suppliers are approved in two separate phases. A company can move on to Phase II if they have passed the Phase I phase. Historical data points that for a startup company like yours, the chances of landing with a supplier contract with Ford Motor Company is 32% in Phase I while it is 64% in Phase II. However, for General Motors, the chances of success for Phase I is 68% and 36%. Using this information, calculate the following:
(a) What is the probability of your company becoming a successfully approved supplier to Ford Motor Company? Use a tree diagram and standard notations for full credit.(b) What is the probability of your company becoming a successfully approved supplier to General Motors? Use a tree diagram and standard notations for full credit.
Answers: 2
Mathematics, 21.06.2019 14:40
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Mathematics, 21.06.2019 16:50
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You are a local startup company working on a smart dashboard camera system. You are bidding to be a...
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