If person A has a 70% chance to win a prize, and B has a 40%...

Question

Question

If person A has a 70% chance to win a prize, and B has a 40% chance, what is the chance they both win a prize?

math Statistics-And-Probability

Answer 1

Answer #1

Solution :

Given that,

The person A has a 70% chance to win a prize, and B has a 40% chance .

P(Both win a prize) = 70% * 40% = 28% = 0.28

Answer 2

Similar Homework Help Questions

a) both sides win some and both sides need to give something up b) no chance...

a) both sides win some and both sides need to give something up b) no chance of satisfying your concerm and the issue is trivial c) the classic win-win lowered self-assertion when the issue is more important to others than to you e) use this style when quick, decisive action is necessary Avoidance 2) a) both sides win some and both sides need to give something up b) no chance of satisfying your concern and the issue is trivial c)...
I propose a game of chance! 70% of the time you win nothing, 20% of the...

I propose a game of chance! 70% of the time you win nothing, 20% of the time you win $10, 9% of the time you win $100, and 1% of the time you win $1000. What is a fair price for this game - how much should you pay to match the expected value of this game?
In order to win a prize, Heather randomly draws two balls from a basket of 40....

In order to win a prize, Heather randomly draws two balls from a basket of 40. There are 25 blue balls, and the rest are green balls. Of the blue balls, 12% are winning balls. Of the green balls, 20% are winning balls. Calculate the expected number of winning balls that Heather draws. A 0.16 B 0.20 С 0.24 D 0.27 E 0.30

Two marksmen shoot at a target simultaneously. Shooter A is known to have a 70% chance...

Two marksmen shoot at a target simultaneously. Shooter A is known to have a 70% chance of hitting the target on any attempt. Person B has 40% accuracy. After the target is hit for the first time, it is revealed that A shot 5 shots while B shot 12. What is the probability that it was A who hit the target? What is the probability that person B hit the target? (Assume that accuracies of the shots remain the same...
In a presidential race, there is a 59% chance that the Republican candidate will win. A...

In a presidential race, there is a 59% chance that the Republican candidate will win. A Republican judge is hoping to be appointed to a federal position. The judge believes that if the Republican candidate wins the presidency, she will have a 86% chance of being appointed to a federal position. If the Republican candidate does not win the presidency, she believes that she only has a 31% chance of being appointed to a federal position. Let R = the...
Question A1 [1. You win a prize in the lottery and you are offered to take...

Question A1 [1. You win a prize in the lottery and you are offered to take Prize A: a £40,000 lump sum or Prize B: £15,000 a year for 3 years. The current rate of inflation (discount rate) is 4%. State, with evidence, which prize you would prefer to have.

Suppose a scratch-off lottery ticket cost $1, and has the potential for a $1,000 grand prize....

Suppose a scratch-off lottery ticket cost $1, and has the potential for a $1,000 grand prize. You decide to buy one of these lottery tickets. Suppose that the random variable, X=Dollars Won, has the following probability distribution: x P(X=x) 1,000 .0001 10 1 .03 0 .95 a.) what is the probability that you will win $10? b.) how many dollars are you expected to win? c.) suppose your friend says," you will either win or loose with this ticket, that...
Tim Horton’s Roll up the Rim cups have a 1 in 6 chance of winning a...

Tim Horton’s Roll up the Rim cups have a 1 in 6 chance of winning a prize. If you buy 50 cups what is the probability that: a) You will win no prize b) You will win exactly 1 prize c) You will four or fewer prizes. (Assume there are enough cups in the world that the probability of winning is independent on past cups.)
If you buy a lottery ticket in 50 lotteries, in each of which your chance of...

If you buy a lottery ticket in 50 lotteries, in each of which your chance of winning a prize is 1/100, what is the (approximate) probability that you will win a prize? A.) at least once? B.) exactly once? C.) at least twice? D.) How many times do you expect to win?

We have a lottery with three prizes. Two of them are $30 and the grand is...

We have a lottery with three prizes. Two of them are $30 and the grand is $200. The total number of tickets is 70 and one for each person. No one can win more than a prize. When the tickets are pulled, the first two prizes of $30 are awarded, then the grand prize. a) how many ways we can award the prizes? b) Suppose a person has one ticket, what's the probability of winning any prize? c) If a...