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:

Organizational News

Information and updates related to a specific organization, including changes, achievements, and events, communicated to internal or external audiences.

Negative Announcements

Communications that convey adverse news or decisions.

Social Media Environment

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Product Improvement

The process of making meaningful and incremental enhancements to a product's design, functionality, or performance to increase its value to users.