To find the probability that only project A succeeds and not project B, we need to multiply the individual probabilities of each project.
The probability of project A succeeding is 40%.
The probability of project B not succeeding is 100% - 60% = 40%.
Since the success of the two projects is independent, we can multiply the probabilities:
P(A succeeds and B does not) = 0.40 * 0.40 = 0.16
Therefore, the probability that only project A succeeds and not project B is 0.16, or 16%.
An oil exploration company currently has two projects. The company estimates that there is a 40% probability that project A is successful, a 60% probability that project B is successful, and that the success of the two projects is independent.
What is the probability that only project A succeeds and not project B?
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