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

question 23

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 win at least one contract?

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

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Definitions:

Temperature Instability

The condition of having body temperature that fluctuates beyond the normal range, often found in newborns.

Gender Roles

Social and behavioral norms that are considered appropriate for individuals based on their perceived or actual gender.

Gender Identity

The sense of being male or female, which most children acquire by the time they are 3 years old.

Sex Differences

Distinctions between males and females that can be biological, social, or psychological in nature.