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snow_tiger [21]
3 years ago
8

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 77% of the successful bids and 40% of the unsuccessful bids the agency requested additional information.
Business
1 answer:
Lera25 [3.4K]3 years ago
3 0

Answer:

A) What is the prior probability of the bid being successful (i.e., prior to the request for additional information)?  

  • 50% chance of being successful

B) What is the conditional probability of a request for additional information given that the bid will ultimately be successful?  

  • 77% chance of being successful

C) Compute the posterior probability that the bid will be successful given a request for additional information.

  • Using Bayess theorem = (50% x 77%) / [(50% x 77%) + (50% x 40%)] = 0.385 / (0.385 + 0.2) = 0.385 / 0.585 = 66%

Bayess theorem = (probability of success before the request x probability of success after the request) / [(probability of success before the request x probability of success after the request) + (probability of failure before the request x probability of failure after the request)]

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Allushta [10]

Answer: the other components that can be used include risk assessment, quality assurance check, strategic security frameworks and mode of governance.

Explanation:

Security management is simply a process that involve identification of an organisation's assets including the employees, customers, machines, Information assets followed by means to protect these assets. Organizations use these security management procedures and implementation to check risk, quality and threats.

Security manager should be a manager with the following attributes ;

- to implement a decent security/plan

- to lead actively

- to organise and control security function.

-to implement a good quality assurance check.

3 0
4 years ago
Smith has applied overhead of $73,000 and actual overhead of $87,600 for the month of November. It applies overhead based on dir
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The answer to the question how many direct labor hours were estimated for the year is letter B which is 180,000.

Thank you for posting your question here at brainly. I hope the answer will help you. Feel free to ask more questions.
8 0
3 years ago
Both firms in a Cournot duopoly would enjoy lower profits if:
daser333 [38]

Answer:

each firm simultaneously increased output above the Nash equilibrium level.

Explanation:

A French mathematician, Antoine Augustine Cournot developed the Cournot duopoly in his economic model “Researches into the mathematical principles of the theory of wealth”, of 1838.

Cournot duopoly also known as the Cournot competition, is an economic model where two (2) business firms having identical cost functions compete in a oligopolistic market of imperfect competition with homogeneous products.

Under the Cournot duopoly, the competing firms offer identical products and thus, choose an amount or quantity to produce independently and at the same time because they cannot collude.

Both firms in a Cournot duopoly would enjoy lower profits if each firm simultaneously increased output above the Nash equilibrium level.

Hence, the advantage of the Cournot duopoly is that, it inhibits competing firms from deviating unilaterally.

4 0
4 years ago
90 + 150 is what <br>a 140<br>b 240<br>c 350<br>d150​
My name is Ann [436]

Answer:

B 240

Explanation:

6 0
3 years ago
Read 2 more answers
Maso Company recorded journal entries for the issuance of common stock for $200,000, the payment of $65,000 on accounts payable,
cricket20 [7]

Answer:

Increase of $95,000

Explanation:

Stockholder equity: It records the issue of shares, retained earnings, and deduct the dividend amount if declared.

The expenses which are related to the business is directly or indirectly affect the stockholder equity.

So, the net effect is shown below:

Issuance of common stock = $200,000

Less - Payment of salaries expense = $105,000

So, the net effect would be equal to

= $200,000 - $105,000

= $95,000

The accounts payable does not affect stockholder equity. So, it would not be considered.

This $95,000 would increase stockholder equity.

7 0
4 years ago
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