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The probability that a majority of the stockholders of a company will attend a special meeting is 0.5. If the majority attends, then the probability that an important merger will be approved is 0.9. What is the probability that a majority will attend and the merger will be approved? Solution 0.5 * 0.9 = 0.45 using multiplication rule of probability.

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The probability that a majority of the stockholders of a company will attend a special meeting is 0.5. If the majority attends, then the probability that an important merger will be approved is 0.9. What is the probability that a majority will attend and the merger will be approved? Solution 0.5 * 0.9 = 0.45 using multiplication rule of probability

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The probability that a majority of the stockholders of a company wil.pdf

  • 1. The probability that a majority of the stockholders of a company will attend a special meeting is 0.5. If the majority attends, then the probability that an important merger will be approved is 0.9. What is the probability that a majority will attend and the merger will be approved? Solution 0.5 * 0.9 = 0.45 using multiplication rule of probability