Question

​c) your competitor hears that you got a second contract but hears nothing about the first contract. given that you got the second​ contract, what is the probability that you also got the first​ contract?

Answer 1

Answer:

0.5

Explanation:

The probability in this case depends on the whether the second contract was awarded or not. This therefore means that there is an equal chance of getting the contract or not getting the contract. In terms of figures, there is a 50 % chance of getting the contract. Hence, the probability of getting the contract is 0.5.

Answer 2

If you received a second contract with for a person or another company, but your competitor does not know if you received the first, there is a high chance you also received the first contract. If they worked with you in the past and a good job was done on the task, chances are they trust you and want to work with you again on future contracts.