Answer:
It serves as a guarantee that the contractor who wins the bid will honor the terms of the bid after the contract is signed.
Explanation:
A bid bond is a type of construction bond that protects the obligee in a construction bidding process.
A bid bond typically involves three parties:
The obligee; the owner or developer of the construction project under bid. The principal; the bidder or proposed contractor.
The surety; the agency that issues the bid bond to the principal example insurance company or bank.
A bid bond generally serves as a guarantee that the contractor who wins the bid will honor the terms of the bid after the contract is signed.
Answer:
Binomial Function
I got my output using the formula = 1 - BINOMDIST (17, 50, 0.3, TRUE)
Then got the cumulative probability distribution at 17 to be 0.2178
Explanation:
To draw a normal distribution:
1. Got to '@risk' and click on 'defined distribution'
2. Select 'binomial' in function block
3. enter formula in cell formula and click okay
The use of @RISK to draw a binomial distribution of 50 trials and probability of success as 0.3 by entering formular =RISKBINOMIAL (50, 0.3).
203.2 centimeters.
This is because 1 inch = 2.54 centimeters which means multiply 80 inches X 2.54 = 203.2 centimeters.
Answer:
The thing that separates the work of technology transfer research from implementation of the products of such research is:
Technology transfer research looks at how technology may be transferred but does not actually make the transfer.
Explanation:
This suggests that technology transfer research is different from the technology transfer (implementation) itself. The first stops at making scientific investigations into technology transfer activities while the next step performs the actual transfer or implementation. In other words, technology transfer conveys the results of scientific and technological research to the marketplace and to the wider society. It is the bridge-builder between the research and the implementation.
