An executive is monitoring two independent corporate projects, Project Alpha and Project Beta. Based on historical performance, the probability that Project Alpha meets its deadline is , and the probability that Project Beta meets its deadline is . What is the probability that exactly one of the two projects meets its deadline?
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The probability that exactly one project meets its deadline is .
The event 'exactly one project meets its deadline' consists of two mutually exclusive scenarios: (1) Alpha meets its deadline and Beta does not, or (2) Alpha misses its deadline and Beta meets it. Using independence, the probability of Scenario 1 is . The probability of Scenario 2 is . Summing these mutually exclusive probabilities gives .
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Anahtar Kavram
Probability of Independent Events and Mutually Exclusive Cases