THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION

question 198

Essay

THE NEXT QUESTIONS ARE BASED ON THE FOLLOWING INFORMATION:
A general contractor has submitted two bids for two projects;A and B.The probability of getting project A is 0.60.The probability of getting project B is 0.75.The probability of getting at least one of the projects is 0.85.
-If the contractor gets project B,what is the probability that he will get project A?

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Definitions:

Book Value

The net value of an asset or a company, calculated by subtracting liabilities from assets, often used to assess if a stock is under or overvalued.

Residual Value

The projected worth of an asset upon reaching the end of its serviceable duration.

Straight-Line Depreciation

A method of allocating the cost of a tangible asset over its useful life in equal annual amounts, simplifying accounting processes.

Accumulated Depreciation

The total amount of a tangible asset's cost that has been expensed since the asset was put into use, often shown on the balance sheet as a reduction from the asset's historical cost.