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Superior Construction Pte Ltd is a successful company dealing with many major projects in Singapore. Recently, it has submitted its biddings for two major Government projects. Project A worth about $120 million and the company believes it has 40% chance of securing the project. Project B worth $1.8 billion and there is 30% chance the company can win the project. Both projects are independent of each other. What is the probability that the company:
(i). will secure Project A or B but not both
(ii). will not secure Project A or will not secure Project B
(b)Do you agree"if tow events are mutually exclusive then these two events will be independent? Why?
(c)P rovide one business-related example each,with explanation,for mutually exclusive and independent events.
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