Hubble Construction Company has submitted a bid on a state government project that is to be funded by the federal government's stimulus money in Arizona. The price of the bid was predetermined in the bid specifications. The contract is to be awarded on the basis of a blind drawing from those who have bid. Five other companies have also submitted bids. What is the probability of the Hubble Construction Company winning the bid?
A) 0.2778
B) 0.1667
C) 0.6944
D) 0.0278
Correct Answer:
Verified
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