What is the probability of winning both bid projects

Assignment Help Business Management
Reference no: EM131428298

Your company is submitting bids for two different projects, project A and project B. Based on their research, your company experts estimate that the probability of winning the bid for project A is 0.28 and the probability of winning the bid for project B is 0.42. Their research has also shown that if the company wins one bid, the chance of winning the other bid is reduced to half of the original probability.

Using this information, answer the following questions:

  • What is the probability of winning both bid projects?
  • What is the probability of winning at least one of the bids?

Reference no: EM131428298

Questions Cloud

What is nonsexual touch : What is nonsexual touch and when, if ever, is it okay to utilize this technique in mental health facilitation
What are the implied domain and range : Construct a piecewise function modeling the weekly paycheck. Construct a graph of this function. What are the implied domain and range?
Identify characteristics that make this population unique : Select one of the four special populations discussed in this module (youthful offenders, domestic violence offenders, female offenders, and the elderly) and complete the following: Identify the characteristics that make this population unique
Develop a data conversion plan that the process of migrating : Develop a data conversion plan that describes the process of migrating existing data to the testing platform.Describe the test environment, including hardware requirements and the personnel who will participate in user acceptance testing.Explain t..
What is the probability of winning both bid projects : What is the probability of winning both bid projects? What is the probability of winning at least one of the bids?
Describe special characteristics of this offender population : Describe the typical assessment techniques used to evaluate this offender population. Describe the special characteristics of this offender population and the implications that these characteristics have for treatment
Determining the preventing pregnancy : Suppose a birth control pill is 98% effective in preventing pregnancy. (Round your answers to three decimal places.) (a) What is the probability that none of100 women using the pill will become pregnant?
Describe what you have learned from specific courses : Describe what you have learned from at least three specific courses (e.g., philosophy, history, English, math, psychology, etc.) that has proved its usefulness in your daily life. For instance, what did you learn in history classes beyond just nam..
What can you say about their addresses : Suppose two numbers of the Cantor set are symmetric in the unit interval, e.g. 4/13 and 9/13. What can you say about their addresses?

Reviews

Write a Review

Business Management Questions & Answers

  What does quality mean to you

What does quality mean to you? Is there an acceptable trade off between quality and price? When does quality matter and why? Please give real world examples.

  Perspective on human resource strategic influence

The twenty-first-century knowledge age is considered a new era for human resource professionals as they are expected to be seasoned businesspersons first and HR professionals second. Use a specific organization you are familiar with to write a 3-4..

  Decision making process programmed or non program

decision making process programmed or non program decisionexplain a situation in a company that requires a complex

  Computing future value of salary

Computing Future Value of Salary. Throughout a job interview Pam Thompson is obtainable a salary of 23,000. The company gives annual increases of 6 percent.

  Activities in the systems development life cycle

Examine the activities in the Systems Development Life Cycle (SDLC). Select the activities that you believe to be the most critical for the success of a project that is developed using SDLC.

  Corporate social responsibility

Discuss how ‘corporate social responsibility' (CSR) evolved and the early influences on the multidisciplinary interconnections evident in contemporary corporations. In 200 words or less.

  Organisational behaviour conflict is a healthy and

organisational behaviour conflict is a healthy and important part of organisational life.organisational behaviour -

  Communicating a consistent messagewhy is it important to

communicating a consistent messagewhy is it important to communicate a consistent message in your imc activities?

  Purpose of giving you an opportunity to take a closer look

This assignment has the dual purpose of giving you an opportunity to take a closer look at a course topic that directly relates to your current or desired industry, as well as developing your practical research skills in such a way as to enhance y..

  Effective for shaping long-term ethical behaviour in firm

Which do you think would be more effective for shaping long-term ethical behaviour in an organization: a written code of ethics combined with ethics training or ethical leadership and culture? Which would have more impact on you? Explain why?

  The contractual agreement to place at least fiveradio spots

The Sensitivity Report for this LPproblem is:Answer the following questions.Each question is independent of theothers.What is the impact on the audience coverage underthe followingscenarios?(a) Management approves spending $200 more onradio advertisi..

  Budgets and performance evaluation

Often times their is some connection between budgets and performance evaluation. The budget tends to set a benchmark for expectations. Many compensation schemes tie some type of bonus to reaching and exceeding this benchmark. This linkage results ..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd