How can I answer both A and B using excel?
Holt Mcdougal Larson Pre-algebra: Student Edition 2012
1st Edition
ISBN:9780547587776
Author:HOLT MCDOUGAL
Publisher:HOLT MCDOUGAL
Chapter11: Data Analysis And Probability
Section11.8: Probabilities Of Disjoint And Overlapping Events
Problem 2C
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Question
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?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F35965c83-49a0-4a61-abb5-b01d5b731ec3%2Fa59c9b07-4b66-4748-9688-4566e29f3e4b%2F6ajckzl_processed.png&w=3840&q=75)
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
![](/static/compass_v2/shared-icons/check-mark.png)
Step 1
Given:
P (B) = 0.60
P (A | B') = 0.50
P (A | B) = 0.25
Step by step
Solved in 2 steps with 3 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
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