Construction Bids ​

question 161

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 neither contract?

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Definitions:

Short-Term Assets

Assets expected to be converted into cash or used up within one year or an operating cycle, whichever is longer.

Flexible Financing

A financing approach that offers various adaptable payment options to meet the differing financial needs and situations of borrowers.

Seasonal Funding

Temporary financing used to cover seasonal increases in business expenses or inventory needs.

Cash Flows

The combined total of cash inflows and outflows in a business, essentially affecting its capacity to meet short-term obligations.