Hubble Construction Company Has Submitted a Bid on a State

question 59

Multiple Choice

Hubble Construction Company has submitted a bid on a state government project that is to be funded by the federal government's stimulus money in Arizona. The price of the bid was predetermined in the bid specifications. The contract is to be awarded on the basis of a blind drawing from those who have bid. Five other companies have also submitted bids. What is the probability of the Hubble Construction Company winning the bid?

• A) 0.2778
• B) 0.1667
• C) 0.6944
• D) 0.0278

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Definitions:

Mentorship Programs

Initiatives or schemes designed to connect less experienced individuals with more experienced professionals for guidance, learning, and career development.

Training Program Design

The process of creating a structured educational course or program aimed at improving the skills and knowledge of employees to meet specific job requirements.

Effective Design

The process of crafting solutions, systems, or processes that successfully meet intended objectives and user needs in an optimal way.

On-the-job Training

Training provided to employees at their workplace while they are performing their actual job tasks, usually under the supervision of more experienced employees.