What is the probability that it will get the project

Assignment Help Basic Statistics
Reference no: EM132848241

A construction company submitted a bid for a large, public construction project. The company's management initially felt they had a 50-50 chance of getting the project. However, the department to which the bid was submitted subsequently requested additional information on the bid submitted by this company. Past experience indicates that for 75% of the successful bids but only for 40% of the unsuccessful bids the agency requested such additional information.

Given that the construction company was asked for additional information, what is the probability that it will get the project?

Reference no: EM132848241

Questions Cloud

HI5016 International Trade and Enterprise Assignment : HI5016 International Trade and Enterprise Assignment Help and Solution - Holmes Institute, Australia - Assessment Writing Service
What is the unit of observation and population for sample : A researcher is interested in the relationship between attention deficit hyperactivity disorder (ADHD) and conduct disorder in middle school classes.
Compute the probability of getting a sum of 7 : An experiment consists of rolling a PAIR of fair dice ONCE Answer the following questions:
Calculate p and the 95 confidence interval : A random sample of 75 customers was polled. Use Sheet 3 of the Excel file linked above to calculate p^ and the 95% confidence interval.
What is the probability that it will get the project : Given that the construction company was asked for additional information, what is the probability that it will get the project?
Estimate the proportion of all children : Some infants are given antibiotics. Dr. Molly would like to estimate the proportion of all children who receive antibiotics in infancy. In a random sample of 30
Compute effect size using estimated cohen d : Compute effect size using estimated Cohen's d. (Round your answer to two decimal places.)
Depths of lakes in colorado : Identify the data level (nominal, ordinal, interval, or ratio) that best describes each of the following cases:
Normal approximation for the wilcoxon signed-ranks : Practitioners measured spiritual well-being (SWB) in a sample of 16 adults who were alcoholic before and following treatment for alcoholism.

Reviews

Write a Review

Basic Statistics Questions & Answers

  Statistics-probability assignment

MATH1550H: Assignment:  Question:  A word is selected at random from the following poem of Persian poet and mathematician Omar Khayyam (1048-1131), translated by English poet Edward Fitzgerald (1808-1883). Find the expected value of the length of th..

  What is the least number

MATH1550H: Assignment:  Question:     what is the least number of applicants that should be interviewed so as to have at least 50% chance of finding one such secretary?

  Determine the value of k

MATH1550H: Assignment:  Question:     Experience shows that X, the number of customers entering a post office during any period of time t, is a random variable the probability mass function of which is of the form

  What is the probability

MATH1550H: Assignment:Questions: (Genetics) What is the probability that at most two of the offspring are aa?

  Binomial distributions

MATH1550H: Assignment:  Questions:  Let’s assume the department of Mathematics of Trent University has 11 faculty members. For i = 0; 1; 2; 3; find pi, the probability that i of them were born on Canada Day using the binomial distributions.

  Caselet on mcdonald’s vs. burger king - waiting time

Caselet on McDonald’s vs. Burger King - Waiting time

  Generate descriptive statistics

Generate descriptive statistics. Create a stem-and-leaf plot of the data and box plot of the data.

  Sampling variability and standard error

Problems on Sampling Variability and Standard Error and Confidence Intervals

  Estimate the population mean

Estimate the population mean

  Conduct a marketing experiment

Conduct a marketing experiment in which students are to taste one of two different brands of soft drink

  Find out the probability

Find out the probability

  Linear programming models

LINEAR PROGRAMMING MODELS

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd