Assignment:
An import–export firm has a 0.45 chance of concluding a deal to export agricultural equipment to a developing nation if a major competitor does not bid for the contract, and a 0.25 probability of concluding the deal if the competitor does bid for it. It is estimated that the competitor will submit a bid for the contract with probability 0.40. What is the probability of getting the deal?
Your answer must be typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.