What is the probability of getting the deal


An import-export firm has a 0.45 chance of concluding a deal to export agricultural equipment to a developing nation if a major competitor does not bid for the contract, and a 0.25 probability of concluding the deal if the competitor does bid it. It is estimated that the competitor will submit a bid for the contract with probability 0.40. What is the probability of getting the deal?

Request for Solution File

Ask an Expert for Answer!!
Basic Statistics: What is the probability of getting the deal
Reference No:- TGS0115903

Expected delivery within 24 Hours