The probability that person A completes all the tasks assigned is 50% and that of person B is 20%. Find the probability that all the tasks are completed.
Let A be the event that all tasks are completed and Ei is the event that a person is selected. Then, P(A) = P(E1) P(A|E1) + P(E2) P(A|E2) =(12)(50100)+(12)(20100) = 0.35
In the basic Solow model of growth