An RFP Says That the Contract Planned Is to Be

question 136

True/False

An RFP says that the contract planned is to be fixed price.The project is well-defined and low risk.The contractor should bid based upon the contract type and risk level.

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Definitions:

Combinations

A method of counting that determines the number of possible arrangements in a collection without regard to the order of the elements.

Experimental Outcomes

Possible results or occurrences that can happen in an experiment, each outcome having a certain probability of occurring.

Objects

Entities, real or abstract, about which data can be collected and analyzed in various contexts, including programming, mathematics, and everyday situations.

Mutually Exclusive Events

Events that have no sample points in common; that is, A ∩ B is empty and P(A ∩ B) = 0.