Construction Bids ​

question 29

Essay

Construction Bids ​
A construction company has submitted bids on two separate state contracts,A and B.The company feels that it has a 60% chance of winning contract A,and a 50% chance of winning contract B.Furthermore,the company believes that it has an 80% chance of winning contract A if it wins contract B. ​ ​
-{Construction Bids Narrative} What is the probability that the company will win at least one of the two contracts?

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Definitions:

Short-Term Education

Educational programs or courses designed to be completed in a brief period, often focused on specific skills or knowledge.

Redesign

The process of revising and improving upon a current design or process to enhance functionality, efficiency, or aesthetics.

Deregulate

The process of removing government regulations, typically to encourage competition and increase efficiency in markets.

Prescribed Outcome

A specific, intended result or effect of a medical treatment or intervention.