The URS Construction Company Has Submitted Two Bids, One to Build

question 52

Multiple Choice

The URS construction company has submitted two bids, one to build a large hotel in London and the other to build a commercial office building in New York City. The company believes it has a 40% chance of winning the hotel bid and a 25% chance of winning the office building bid. The company also believes that winning the hotel bid is independent of winning the office building bid. What is the probability the company will lose both contracts?

• A) 0.55
• B) 0.45
• C) 0.10
• D) 0.75

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Definitions:

Homosexuality

A sexual orientation characterized by a romantic or sexual attraction to people of the same sex.

Pathological Condition

A state of disease or disorder in a body or organ, as opposed to a healthy or normal condition.

Diagnostic

Related to the identification of the nature or cause of a health issue, often involving the examination of symptoms.

Statistical Manual

A comprehensive handbook that provides guidelines, standards, and criteria for statistical data collection, interpretation, and presentation.