Question

you are tasked with a four-step project that must be done within a certain time period. any one step has a 70% chance of being done on time. what is the chance that you are finished on time? 30% 28% 70% 24%

Answer 1

The chance of finishing all four steps on time is (d) 24%.

What is the chance that you are finished on time?

From the question, we have the following parameters that can be used in our computation:

70% chance of being done on time

This means that the probability of success is

p = 70%

p = 0.7

To find the chance of completing all four steps on time, we multiply the individual probabilities of success

So, we have

P(On time) = 0.7 * 0.7 * 0.7 * 0.7

Evaluate

P(On time) = 0.2401

This gives

P(On time) = 24.01%

Approximate

P(On time) = 24%

Hence, the chance of finishing all four steps on time is approximately 24%.