Question 14 Marks
The odds against student $X$ solving a business statistics problem are $8: 6$ and the odds in favour of student $Y$ solving the same problem are $14: 16$:
1.What is the chance that the problem will be solved, if they try independently?
2.What is the probability that neither solves the problem?
1.What is the chance that the problem will be solved, if they try independently?
2.What is the probability that neither solves the problem?
Answer
View full question & answer→1.t $A$ be the event that $X$ solves the problem $B$ be the event that $Y$ solves the problem. Since the odds against student $X$ solving the problem are $8: 6$
$\therefore$ Probability of occurrence of event $A$ is given by
$
\begin{aligned}
& P(A)=\frac{6}{8+6}=\frac{6}{14} \\
& \text { and } P\left(A^{\prime}\right)=1-P(A) \\
& =1-\frac{6}{14} \\
& =\frac{8}{14}
\end{aligned}
$
Also, the odds in favour of student $Y$ solving the problem are 14:16
$\therefore$ Probability of occurrence of event $B$ is given by
$
\begin{aligned}
& P(B)=\frac{14}{14+16}=\frac{14}{30} \text { and } \\
& P\left(B^{\prime}\right)=1-P(B) \\
& =1-\frac{14}{30} \\
& =\frac{16}{30}
\end{aligned}
$
Now $A$ and $B$ are independent events.
$\therefore A^{\prime}$ and $B^{\prime}$ are independent events.
$\therefore A^{\prime} \cap B^r=$ Event that neither solves the problem
$=P\left(A^{\prime} \cap B^{\prime}\right)$
$=P\left(A^{\prime}\right) \cdot P\left(B^{\prime}\right)$
$=\frac{8}{14} \times \frac{16}{30}$
$=\frac{32}{105}$
$A \cup B=$ the event that the problem is solved
$\therefore \mathrm{P}($ problem will be solved $)=\mathrm{P}(\mathrm{A} \cup \mathrm{B})$
$=1-P(A \cup B)^{\prime}$
$=1-P\left(A^{\prime} \cap B^{\prime}\right)$
$=1-\frac{32}{105}$
$=1-\frac{73}{105}$
$\therefore$ Probability of occurrence of event $A$ is given by
$
\begin{aligned}
& P(A)=\frac{6}{8+6}=\frac{6}{14} \\
& \text { and } P\left(A^{\prime}\right)=1-P(A) \\
& =1-\frac{6}{14} \\
& =\frac{8}{14}
\end{aligned}
$
Also, the odds in favour of student $Y$ solving the problem are 14:16
$\therefore$ Probability of occurrence of event $B$ is given by
$
\begin{aligned}
& P(B)=\frac{14}{14+16}=\frac{14}{30} \text { and } \\
& P\left(B^{\prime}\right)=1-P(B) \\
& =1-\frac{14}{30} \\
& =\frac{16}{30}
\end{aligned}
$
Now $A$ and $B$ are independent events.
$\therefore A^{\prime}$ and $B^{\prime}$ are independent events.
$\therefore A^{\prime} \cap B^r=$ Event that neither solves the problem
$=P\left(A^{\prime} \cap B^{\prime}\right)$
$=P\left(A^{\prime}\right) \cdot P\left(B^{\prime}\right)$
$=\frac{8}{14} \times \frac{16}{30}$
$=\frac{32}{105}$
$A \cup B=$ the event that the problem is solved
$\therefore \mathrm{P}($ problem will be solved $)=\mathrm{P}(\mathrm{A} \cup \mathrm{B})$
$=1-P(A \cup B)^{\prime}$
$=1-P\left(A^{\prime} \cap B^{\prime}\right)$
$=1-\frac{32}{105}$
$=1-\frac{73}{105}$
2.P$ (neither solves the problem) $=P\left(A^{\prime} \cap B^{\prime}\right)$
$=P\left(A^{\prime}\right) P\left(B^{\prime}\right)$
$=\frac{8}{14} \times \frac{16}{30}$
$=\frac{32}{105}$