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Compute the probability of an event

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Reference no: EM131501335

Base construction Inc and Olive Construction Inc are local competitors who bid on some public construction projects from time to time. Base Inc bids on 70% of projects when Olive Inc knows that Base Inc does not bid on a given project, they bid on that project 50% of the time. However when Olive Inc knows that Base Inc bids on a given project, they bid on that project 25% of the time.

Compute the probability of an event that Base construction Inc does not bid on a randomly selected project, knowing that Olive Construction Inc bids on that random project?

A. 40%

B.42%

C.44%

D.46%

Reference no: EM131501335

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