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?

---

Definitions:

Current Liabilities

Short-term financial obligations due within one year or within the company's operating cycle.

Asset Management Ratios

Financial metrics used to assess how efficiently a company manages its assets to generate revenue.

Average Inventory

The mean amount of inventory held by a company over a specified period, indicating how much stock is maintained on hand.

Total Assets

The sum of all current and non-current assets owned by a company, which represents the total resources that a company can utilize to generate revenue.