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Business, 07.11.2019 00:31, aliyahmuhammad6497
Construction company a is determining whether it should submit a bid for a new shopping center. in the past, their main competitor, construction company b, has submitted bids 80 % of the time. if company b does not bid on a job, the probability that company a will get the job is 0.70 . if company b bids on a job, the probability that company a will get the job is 0.35 .
a. if company a gets the job, what is the probability that company b did not bid?
b. what is the probability that company a will get the job?
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Answers: 2
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Construction company a is determining whether it should submit a bid for a new shopping center. in t...
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