Answer:
0.8809 = 88.09% probability the ships will sail full.
Step-by-step explanation:
What is the probability the ships will sail full?
0.75 of 0.23(dollar appreciating)
0.92 of 1 - 0.23 = 0.77(dollar not appreciating). So
[tex]p = 0.75*0.23 + 0.92*0.77 = 0.8809[/tex]
0.8809 = 88.09% probability the ships will sail full.