The Two Steps in Two-Step Bidding Are: 1

question 45

True/False

The two steps in two-step bidding are: 1.Submission of technical proposals by potential suppliers and 2.Price bidding by potential suppliers that passed the first step.

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Definitions:

Standard Deviations

An indicator of how widely values in a dataset are spread out from the average, showing the degree to which these numbers vary from their mean.

Nominal Data

A classification of categorical variables that do not have a natural order or rank.

Interval Data

A type of quantitative data that involves measurements where the difference between two values is meaningful, but there is no true zero point.

Bimodal Data

Data that has two different modes, or peaks, in its frequency distribution.