Question: Question 3 Two software consulting rms V and W consider bidding on a large programming project, which may or may not be awarded depending on

 Question 3 Two software consulting rms V and W consider bidding

Question 3 Two software consulting rms V and W consider bidding on a large programming project, which may or may not be awarded depending on the amounts of the bids. Finn V submits a bid and the probability is 3M that it will get the project provided that rm W does not bid. The probability is 3M that W will bid, and if it does, the probability that V will get the project is LB. (a) What is the probability that V will get the project? (b) If V gets the project, what is the probability that W did not bid

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