Question: Construction company A is determining whether it should submit a bid for a new shopping center. In the past, their main competitor, construction company
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 70% of the time. company B does not bid on a job, the probability that company A will get the job is 0.20. If company B bids on a job, the probability that company A will get the job is 0.15. 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? a. If company A gets the job, what is the probability that company B did not bid? Bound to three decimal places as needed.)
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