Question

Two companies, a, b, supply readymade concrete to a large construction project. Each company has the...

Two companies, a, b, supply readymade concrete to a large construction project. Each company has the capacity to provide the average concrete requirement for the project. However, during peak hours of a day, the capacities of both companies are needed, otherwise there will be setbacks in other parts of the project. Denote the following events: A = failure of company a to supply concrete; B = failure of company b to supply concrete. Data from previous projects show that P(A) = 0.05, P(B) = 0.07, P(AB) = 0.01. (a) If one of the two companies fail to deliver on a given day, what is the probability of failure of the other company on the same day? (b) What is the probability of no concrete delivery for the project on a given day? (c) If there is no concrete delivery during the peak hours of a day, what is the probability that it was caused by company a?

Homework Answers

Answer #1

here P(A u B) =P(A)+P(B)-P(AB) =0.05+0.07-0.01=0.11

a)

P( If one of the two companies fail to deliver on a given day, what is the probability of failure of the other company on the same day)=P(A n B|AUB) =P(A n B)/P(A u B) =0.01/0.11=0.0909

b)

probability of no concrete delivery for the project on a given day =1-P(A u B) =1-0.11 =0.89

c)

If there is no concrete delivery during the peak hours of a day, what is the probability that it was caused by company a

=P(P(A)-P(A n B))/P(AuB) =(0.05-0.01)/0.11 =0.04/0.11=0.3636

Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
2. The state of NJ has three major power companies (A, B, and C). During the...
2. The state of NJ has three major power companies (A, B, and C). During the months of peak demand, NJ Power Authority authorizes these companies to pool their excess supply and to distribute it to smaller independent power companies that do not have generators large enough to handle the demand. Excess supply is distributed on the basis of cost per kilowatt hour transmitted. The following table shows the demand and excess supply in million of kilowatt hours and the...
Blotto Brothers Lumber Supply sells lumber to local construction companies. Blotto has estimated that the demand...
Blotto Brothers Lumber Supply sells lumber to local construction companies. Blotto has estimated that the demand for plywood by home contractors is given by the equation Q=51?0.10P Blotto’s total cost of procuring and packaging plywood for delivery to each customers is TC=10Q a. If Blotto engages in standard pricing, what is the profit-maximizing price and quantity? b. If Blotto practices block pricing, how many sheets of plywood should the company include in a bundle? c. What price should it charge...
The Butler-Perkins Company (BPC) must decide between two mutually exclusive projects. Each project has an initial...
The Butler-Perkins Company (BPC) must decide between two mutually exclusive projects. Each project has an initial outflow of $7,000 and has an expected life of 3 years. Annual project cash flows begin 1 year after the initial investment and are subject to the following probability distributions: Project A Project B Probability Cash Flows Probability Cash Flows 0.2 $6,750 0.2 $          0   0.6   7,000 0.6 7,000   0.2   7,250 0.2 17,000   BPC has decided to evaluate the riskier project at 11% and the...
ch 12 The Butler-Perkins Company (BPC) must decide between two mutually exclusive projects. Each project has...
ch 12 The Butler-Perkins Company (BPC) must decide between two mutually exclusive projects. Each project has an initial outflow of $7,000 and has an expected life of 3 years. Annual project cash flows begin 1 year after the initial investment and are subject to the following probability distributions: Project A Project B Probability Cash Flows Probability Cash Flows 0.2 $6,500 0.2 $          0   0.6   7,000 0.6 7,000   0.2   7,500 0.2 19,000   BPC has decided to evaluate the riskier project at 13%...
1. What is an ISP (Integrated Service Provider) for supply chains? (1 point) A. A consultant...
1. What is an ISP (Integrated Service Provider) for supply chains? (1 point) A. A consultant agency which integrates the supply chain for companies B. A 2 PL or a 3PL, but not a 4PL C. A company supplying transportation and warehousing services D. A logistics service company specialized in suppling VAS (value added services) 2. What characterizes a 4 PL? (1 point) A. They are non-asset based and provides integrated services primarily supplied by asset based providers, for example...
1. Answer EITHER part (a) OR part (b). (a) A gas scrubber on an oilrig discharged...
1. Answer EITHER part (a) OR part (b). (a) A gas scrubber on an oilrig discharged gas periodically such that an accumulation of hydrocarbon gas nearby had occurred. A contractor welder was dispatched to a job immediately adjacent to the area and it being a shift change and personnel unavailable temporarily, the welder decided to commence welding. As a consequence, an incident occurred. Describe briefly: (i) what you imagine was the incident including any hazards existing prior to or during...
1. The failure of the new supply chain system affected Nike adversely. What were the reasons...
1. The failure of the new supply chain system affected Nike adversely. What were the reasons for the failure and how did the breakdown harm Nike? 2. What are the important elements to be kept in mind while implementing a new system in an organization? What is the importance of a good working relationship between partners and the sharing of responsibility in implementing critical projects? What mistakes did Nike and i2 make? 3. comment on the lessons learned and the...
The project has been performing as planned, and the team members have been exhibiting increasing levels...
The project has been performing as planned, and the team members have been exhibiting increasing levels of trust between each other. The sponsor and the buyer have been satisfied with the delivery of business value, and user acceptance testing results are positive. A technical expert consulting with the team has expressed concerns that the team is not in agreement on the best way to deliver to the next review. If the project manager wants to support the team in reaching...
Gourmet Jams Inc. Course Project: Supply Chain Management Marketing and Business Planning Background Information To highlight...
Gourmet Jams Inc. Course Project: Supply Chain Management Marketing and Business Planning Background Information To highlight the importance of the complexity of supply chain management, marketing and business planning and in order to address the regulatory environment to ensure compliance in exporting and importing goods across the border, careful consideration must be given to what type of goods are being exported, which regulatory agencies must be consulted and what is needed to ensure safe and efficient border clearance. The implication...
To complete this Individual Preparation assignment, answer the following questions related to this week’s two cases....
To complete this Individual Preparation assignment, answer the following questions related to this week’s two cases. Each answer should be no more than 1-2 sentences. 1. According to their MELD scores, which patient is the worst-off (in the most need), and which patient can wait the longest for a transplant? Explain. 2. Given the criteria for assessing post-transplant success, such as the patient’s lifestyle choices and support system, which patient has the highest likelihood of success, and which patient has...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT
Active Questions
  • Suppose that people's heights (in centimeters) are normally distributed, with a mean of 170 and a...
    asked 4 minutes ago
  • Use the information from the following Income Statement to create and Projected Income Statement and solve...
    asked 17 minutes ago
  • An unequal tangent vertical curve has the following elements: g1=-3.25%, g2=75%, total length = 500.00’, length...
    asked 19 minutes ago
  • Please write clear definitions of the following legal terms. Commerce Clause Supremacy Clause Indictment Tort
    asked 23 minutes ago
  • Do you think Moralistic Therapeutic Deism is an accurate reflection of society today? What are relevant...
    asked 28 minutes ago
  • The mean operating cost of a 737 airplane is $2,071 per day. Suppose you take a...
    asked 36 minutes ago
  • Arguments can be made on both sides of this debate about the ethical implications of using...
    asked 42 minutes ago
  • In the Chapter, they mention the idea of strategizing around your cash flows. Why are cash...
    asked 48 minutes ago
  • Company A signed a fixed-price $6,500,000 contract to construct a building. At the end of Year...
    asked 49 minutes ago
  • An unequal tangent vertical curve has the following elements: g1=-3.25%, g2=1.75%, total length = 500.00’, length...
    asked 55 minutes ago
  • In a previous​ year, 61​% of females aged 15 and older lived alone. A sociologist tests...
    asked 1 hour ago
  • Topic: Construction - Subsurface Investigation (Note: Briefly discuss in your own words, 1 paragraph minimum.) Typically...
    asked 1 hour ago