Construction Bids a Construction Company Has Submitted Bids on Two

question 19

Essay

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 at least one of the two contracts?

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Definitions:

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