Construction Bids ​

question 171

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} If the company wins contract B,what is the probability that it will not win contract A?

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Definitions:

Hypothesis

A proposed explanation made on the basis of limited evidence as a starting point for further investigation.

Manifest Content

The overt, concrete content of a communication as opposed to the underlying meaning or interpretation.

Latent Content

The underlying, non-obvious meanings and themes in a piece of communication, as opposed to its explicit, surface content.

Content Analysis

A research method for systematically analyzing texts or media to quantify patterns in communication.