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Unformatted text preview: Example 3 , what is the probability that a business is not the owner’s first venture and fails during the first year? Solution. 3. ( Exercise 11 in Basic Probability ) You have applied to be an intern at company Big and company Huge . The personnel directors at Big and Huge have told you that the probabilities of getting the positions at their companies are 0.3 and 0.5, respectively. You estimate that the probability of getting both jobs is only 0.1. What is the probability that you get exactly one of the jobs? Solution. 4. ( Exercise 12 in Basic Probability ) Using the information from Exercise 11 , find the probability that you get neither of the jobs. Solution. For Problems 57, no explanation is needed. Just use Equation Builder to simulate the given expression. 5. ( Exercise 2 in Word Processing Mathematics ) Solution. 6. ( Exercise 7 in Word Processing Mathematics ) Solution. 7. ( Exercise 8 in Word Processing Mathematics ) Solution....
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 Fall '08
 ekstrom
 Math, Statistics, Applied Mathematics, Probability theory

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