Mathematics, 03.02.2021 19:00 JamierW2005

A construction company is considering submitting bids for two contracts. The company estimates that it has a 20% chance of winning any given bid.
Here is the probability distribution of X = the number of bids the company wins:
0
1
2
X=# of bids won
P(X)
0.64 0.32 0.04
Given that Ix
0.4 bids, calculate Ox.
Round your answer to two decimal places.
Ox =
bids

Answers: 2

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A construction company is considering submitting bids for two contracts. The company estimates that...