A company has estimated that the probabilities of success for three products introduced in the market are 1/3, 2/5 and 2/3 respectively. Assuming independence, find the probability that (i) the three products are successful (ii) none of the products is successful. Share with your friends Share 3 Neha Sethi answered this Dear student Consider the following eventsA=First product is successful and B=second product is successful C=Third product is successful we haveP(A)=13, P(B)=25 and P(C)=23(i) required probability=P(A∩B∩C)=P(A)P(B)P(C) as A, B ,C are independent events=13×25×23=445(ii) Required prob=P(A∩B∩C) as A, B, C are independent events=P(A)PBPC=23×35×13=215 Regards 2 View Full Answer
