1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Natali5045456 [20]
3 years ago
11

A consulting firm submitted a bid for a large research project. The firm's management initially felt they had a 50-50 chance of

getting the project. However, the agency to which the bid was submitted subsequently requested additional information on the bid. Past experience indicates that for 80% of the successful bids and 35% of the unsuccessful bids the agency requested additional information. a. What is the prior probability of the bid being successful (that is, prior to the request for additional information)
Mathematics
1 answer:
Verizon [17]3 years ago
5 0

Answer:

Probability = 0.50

Step-by-step explanation:

Given

Probability = 50\ 50\ chance  

Successful\ Bids = 80\%

Unsuccessful\ Bids = 35\%

Required

Determine the probability before the request of past experience

In this case, we only consider the 50 50 chance probability

Probability = \frac{50}{50 + 50}

Probability = \frac{50}{100}

Probability = 0.50

You might be interested in
Pleaseeeeeee helppppppp
Alina [70]

Answer:

what is the substitution method???

Step-by-step explanation:

7 0
2 years ago
Consider the cylinder below. Which statements are true?
JulijaS [17]

Answer:

a and c is true

Step-by-step explanation:

4 0
2 years ago
Evaluate the following <br><br><br> You may express your answer as a fraction or as a decimal.
denis-greek [22]
Fraction form is -5/9
8 0
3 years ago
1/3 of 8 rounded to the nearest hundredth
yanalaym [24]
Well I know that 1/3 of 8 is 2.66666666667 I'm not sure the rest

8 0
3 years ago
Read 2 more answers
Decimal notation of 42.3%
kozerog [31]
The answer is 0.423.

To convert 42.3% to decimal divide by 100.

42.3 ÷ 100 = 0.423.          <span>
</span>
8 0
3 years ago
Read 2 more answers
Other questions:
  • 3. Do you think the government is partially responsible for America’s debt crisis? Why or why not?
    6·1 answer
  • HELP HELP!!!! YOU WILL GET BRAINLIEST!! PLEASE!!!
    5·1 answer
  • PLEASE HELPPPP!!!!!!!!!!!!
    7·1 answer
  • A parking lot is 272.5 feet long and 151.25 feet wide. How much longer is the lot than it is wide?
    14·2 answers
  • marty has 1 1/3 jugs of apple juice. he uses 3/4 of the juice to make freeze pops. what fraction amount of a jus doe marty have?
    10·2 answers
  • Please anyone I need to do this know I have no time left
    10·1 answer
  • First person gets brainliest lol
    12·2 answers
  • Please help me with this
    12·1 answer
  • Hewo Please Help THX!!! :)
    11·1 answer
  • Common factors of 3x^2y^2,10x^3y^2,6x^2y^2z
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!