A Law Firm Has Submitted Bids on Two Separate State

question 4

Short Answer

A law firm has submitted bids on two separate state contracts, A and B.The company feels that it has a 40% chance of winning contract A, and a 60% chance of winning contract B.Furthermore, the company believes that it has a 75% chance of winning contract B, given that it wins contract A. If the firm wins contract A, what is the probability that it will not win contract B?

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Definitions:

Lots of Friends

Having a wide circle of acquaintances or companions with whom one shares a bond of mutual affection.

Preschoolers

Children who are in the age group typically ranging from 3 to 5 years old, just before they enter formal schooling.

Blended Families

Family units formed by the merging of two previously separate families into one, often involving parents with children from previous relationships.

Challenges

Difficulties or obstacles that require a solution or response, often serving as opportunities for growth or learning.