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 90% of the time. If company B does not bid on a job, the probability that company A will get the job is 0.80. 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?
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 90% of the time. If company B does not bid on a job, the probability that company A will get the job is 0.80. 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?
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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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
probability that company A will get the job is
90%
of the time. If company B does not bid on a job, the 0.80.
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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