to gain funding approval for capital construction project mo


to gain funding approval for capital construction project, most public agencies are required to obtain special bonding authority by a majority approval from the electorate. Typically, however, the same project (at a reduced scale) must be presented to the voters more than one before a final decision is received from the voters. Suppose a municipal government intends to request bonding authority for a new city hall and has decided to submit this matter to the voters a maximum of three times ( each time reducing the size of the request ). past evidence suggests that chances are .6 that capital construction bonding authority will be granted in any single election. what is the probability that the city hall construction measure will be approved by the electorate? what is the probability it will not be approved ?. Please I want full answer

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 to gain funding approval for capital construction project, most public agencies are required to obtain special bonding authority by a majority approval from th

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