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How can I answer both A and B using excel?

How can I answer both A and B using excel?

MATLAB: An Introduction with Applications
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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How can I answer both A and B using excel?

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 60% of the time. If company B does not bid on a job, the probability that company A will get the job is 0.50. If company B bids on a job, the probability that company A will get the job is 0.25. 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?
Transcribed Image Text: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 60% of the time. If company B does not bid on a job, the probability that company A will get the job is 0.50. If company B bids on a job, the probability that company A will get the job is 0.25. 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?
Expert Solution
Step 1

Given:

P (B) = 0.60

P (A | B') = 0.50

P (A | B) = 0.25

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