The URS construction company has submitted two bids, one to build a large hotel in London and the other to build a commercial office building in New York City
The company believes it has a 40% chance of winning the hotel bid and a 25% chance of winning the office building bid. The company also believes that winning the hotel bid is independent of winning the office building bid.What is the probability the company will win both contracts?A) 0.55
B) 0.44
C) 0.10
D) 0.75
C
You might also like to view...
Which of the following statements pertaining to the conversion privilege in group health insurance policies is NOT correct?
A) Insureds who resign or are terminated have 365 days in which to convert their coverage to individual policies. B) A conversion privilege applies when a group health policy is terminated. C) Some states specify minimum benefits for conversion policies. D) An insured who is terminated from the plan can obtain a conversion policy without evidence of insurability within a specified time."
For a tenancy in common, there is a unity of:
a. time b. title c. interest d. possession