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An oil exploration company currently has two active proj- ects, one in Asia and the other in Europe. Let A be the event that the Asian project is successful and B be the event that the European project is successful. Suppose that A and B are independent events with and . a. If the Asian project is not successful, what is the proba- bility that the European project is also not successful? Explain your reasoning. b. What is the probability that at least one of the two proj- ects will be successful? c. Given that at least one of the two projects is successful, what is the probability that only the Asian project is successful? P(A) 5 .4 P(B) 5 .7
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An oil exploration company currently has two active proj- ects, one in Asia and the other in Europe....
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