Question
In: Statistics and Probability
Nasee construction Co. is analyzing the probability of a bidding for the construction of. a new...
Nasee construction Co. is analyzing the probability of a bidding for the construction of. a new building. In the past, Nasee's main competitor, Nana construction Co. has submitted bids 70% of the time. if NANA bids on a project, the probability that NASEE will get the project is 20%. However, if NANA does not bid on a project, NASEE's probability of getting the project increases to 80%. if NASEE gets the project, what is the probability that NANA did not bid.?
Solutions
orchestra answered 1 year agoRelated Solutions
Nasee construction Co. is analyzing the probability of a bidding for the construction of. a new...
Nasee construction Co. is analyzing the probability of a bidding
for the construction of. a new building. In the past, Nasee's main
competitor, Nana construction Co. has submitted bids 90% of the
time. if NANA bids on a project, the probability that NASEE will
get the project is 10%. However, if NANA does not bid on a project,
NASEE's probability of getting the project increases to 70%. if
NASEE gets the project, what is the probability that NANA did not...
A construction company is creating a quantitative model for use in bidding on new projects. The...
A construction company is creating a quantitative model for use
in bidding on new projects. The company has identified the
following variables to include in the model.
• Whether or not to
submit a bid (yes/no)
• The amount of the
company’s bid
• The number of
competitors bidding on the project
• The amount of
each competitor’s bid
• The cost of
completing the project
• The company’s
profit or loss
Classify each of these variables as a decision...
The internal rate of return method is used by King Bros. Construction Co. in analyzing a...
The internal rate of return method is used by King Bros.
Construction Co. in analyzing a capital expenditure proposal that
involves an investment of $32,445 and annual net cash flows of
$9,000 for each of the five years of its useful life.
Present Value of an Annuity of $1 at
Compound Interest
Year
6%
10%
12%
15%
20%
1
0.943
0.909
0.893
0.870
0.833
2
1.833
1.736
1.690
1.626
1.528
3
2.673
2.487
2.402
2.283
2.106
4
3.465
3.170
3.037...
Alden Construction is bidding against Forbes Construction for a project. Alden believes that Forbes’s bid is...
Alden Construction is bidding against Forbes Construction for a
project. Alden believes that Forbes’s bid is a random variable B
with the following mass function: P(B $6,000) .40, P(B $8,000) .30,
P(B $11,000) .30. It will cost Alden $6,000 to complete the
project. Use each of the decision criteria of this section to
determine Alden’s bid. Assume that in case of a tie, Alden wins the
bidding. (Hint: Let p Alden’s bid. For p 6,000, 6,000 p 8,000,
8,000 p...
Construction Documents Review 26. Define Attention to Details and Negligence in construction projects 27. Explain Bidding...
Construction Documents Review
26. Define Attention to Details and Negligence in
construction projects
27. Explain Bidding Process / Bid Day
28. What is a Construction contract administration /
Error and Omission insurance
29.What is a Project file / Project Evaluation /
BIM
30. Explain Communication in Construction projects
(relationship of GC, owner, etc.)
The ABC Co. is considering a new consumer product. They believe there is a probability of...
The ABC Co. is considering a new consumer product. They believe
there is a probability of 0.30 that the XYZ Co. will come out with
a competitive product. If ABC adds an assembly line for the product
and XYZ does not follow with a competitive product, their expected
profit is $45,000; if they add an assembly line and XYZ does
follow, they still expect a $12,000 profit. If ABC adds a new plant
addition and XYZ does not produce a...
The ABC Co. is considering a new consumer product. They believe there is a probability of...
The ABC Co. is considering a new consumer product. They believe
there is a probability of 0.30 that the XYZ Co. will come out with
a competitive product. If ABC adds an assembly line for the product
and XYZ does not follow with a competitive product, their expected
profit is $45,000; if they add an assembly line and XYZ does
follow, they still expect a $12,000 profit. If ABC adds a new plant
addition and XYZ does not produce a...
The Flores Co. is analyzing proposed investment in new equipment to produce electrical power strips for...
The Flores Co. is analyzing proposed investment in new equipment
to produce electrical power strips for computers. The cost of the
new equipment is $2,250,000, which has an expected life of six
years. Shipping and installation are expected to total $125,000.
Flores will depreciate the equipment using a five-year MACRS life.
The equipment will have a salvage value of $300,000 at the end of
its useful life. The project will require a $200,000 increase in
net working capital initially, which...
DYI Construction Co. is considering a new inventory system that will cost $750,000. The system is...
DYI Construction Co. is considering a new inventory system that
will cost $750,000. The system is expected to generate positive
cash flows over the next four years in the amounts of $350,000 in
year one, $325,000 in year two, $150,000 in year three, and
$180,000 in year four. DYI's required rate of return is 11%. What
is the modified internal rate of return of this project?
DYI Construction Co. is considering a new inventory system that will cost $750,000. The system is...
DYI Construction Co. is considering a new inventory system that
will cost $750,000. The system is expected to generate positive
cash flows over the next four years in the amounts of $350,000 in
year one, $325,000 in year two, $150,000 in year three, and
$180,000 in year four. DYI's required rate of return is 10%. What
is the modified internal rate of return of this project?
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