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:

Fair Adjustment

An equitable modification or change made to correct or improve a situation, ensuring fairness to all parties involved.

Professional Tone

Refers to the formal or business-like language used in corporate or professional communication.

Indirect Approach

A communication strategy where the main point or message is not presented first but instead is built up to through explanations, background information, or related details.

Pelvic Cavity

The body cavity located within the pelvis, housing organs such as the bladder, reproductive organs, and rectum.