Question: Hello! I'm having trouble with this practice question and was hoping someone could possible help walk me through it? A oonsulting rm submitted a bid

Hello! I'm having trouble with this practice question and was hoping someone could possible help walk me through it?

Hello! I'm having trouble with this practice question and was hoping someone

A oonsulting rm submitted a bid for a large research project. The nn's management initially felt they had a 5050 chance of getting the project. However, the agency to which the bid was submitted subsequently requested additional infom'lation on the bid. Past experience indicates that for 30% of the sucoessful bids and 40% of the unsuccessful bids the agencyr requested additional information. (a) What is the prior probability ofihe bid being successful (that is, prior to the request for additional information)? |:| (b) What is the conditional probability of a request for additional infom'lation given that \"dwe bid will ultimately be suocemful? |:| (c) Compute the posterior probability that the bid will be successful given a request for additional information. (Round your answer to two decimal places.) |:|

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