10. In a bid, two firms A and B are competing against each other. if the probability of a bid amount
quoted by B being lower than that of A is 0.8 and if it is known that the bid is won by the one
who quotes the lowest price, what is the probability that A wins the bid?
a. 0.8
b. 0.004
c. 0.2
d. 0.001
Answers
Answered by
5
Answer:
0.004 is correct answer
Answered by
9
Answer:
0.2 is the correct ans
Step-by-step explanation:
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