Construction company a is determining whether it should submit a bid for a new shopping center. in the past, their main competitor, construction company b, has submitted bids 80 % of the time. if company b does not bid on a job, the probability that company a will get the job is 0.70 . if company b bids on a job, the probability that company a will get the job is 0.35 .

a. if company a gets the job, what is the probability that company b did not bid?

b. what is the probability that company a will get the job?

Many things could be possible

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan

Ibelieve it would be choice a ($24,630)