Mathematics, 22.02.2021 19:10 dynamicstudent
A contractor is planning the acquisition of bulldozers needed for a new project in a remote area. From prior experience with this equipment he estimates that there is a 60% chance that each bulldozer will be operational for at least six months. If he purchases four bulldozers, it is desired to calculate the probabilities that exactly: 0, 1, 2, 3, and 4 bulldozers will be operational at the end of six months. Please document the following information:
a. Count the number of possible outcomes of the status of each bulldozer at the end of six months:
b. List the five events listed above as a function of the status of each bulldozer at the end of six months documented in 1.); and
c. Calculate the probabilities of these events assuming that the status of each bulldozer is statistically independent of the status of the rest of bulldozers.
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A contractor is planning the acquisition of bulldozers needed for a new project in a remote area. Fr...
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