- #1
r0bHadz
- 194
- 17
Homework Statement
I was reading this example in a book...
"
Two competing software companies are after an important contract. Company
A is twice as likely to win this competition as company B. Hence, the probability to
win the contract equals 2/3 for A and 1/3 for B."
Homework Equations
The Attempt at a Solution
What is the significance of the word "twice as likely?" It seems to me like if company 1 had a probability of .5, then there is no way company 2 had a probability of 1
And where did they get the 3 in the denominator of the fraction? How can we know that its not 2/7 and 4/7 for the two companies?