Construction Bids ​

question 52

Short Answer

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 most one of the two contracts?

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Definitions:

Reappraisal

A cognitive process that involves changing one's emotional response to a situation by altering one's interpretation of that situation.

Coping Style

The methods or strategies an individual uses to handle stress, challenges, or emotional conflict.

Threatening

The act of expressing an intention to inflict pain, injury, damage, or other hostile action on someone in retribution for something done or not done.

Cancer Risk

The probability or likelihood that an individual will develop cancer over a certain period of time.