Mathematics

Maria Franco

29 May, 03:12

Anne is choosing a contractor. She has narrowed down her selection to two

companies and will base her decision on the likelihood that the job is done on

time and on budget. She uses online reviews to estimate the probabilities.

Contractor A

Contractor B

Probability that the job

is done on time

0.93

0.97

0.98

Probability that the job

is done within budget

0.96

Which contractor should Anne choose to maximize the probability that the job

will be done on time and on budget? Assume all events are independent.