The probability of Toyota building a new production plant is 70% and the probability of GM building a new one is 50%. The following are the probabilities associated with the countries Toyota would build a new plant:
The probabilities associated with the countries GM would build a new plant are:
What is the probability that both will open a plant in Canada assuming the decisions are mutually statistically independent?
d. 90 %
e. None of the above
The answer is B.
The probability that Toyota will open a ...
This solution calculates the probability of Toyota and GM building new plants.