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28 swered ut of 2.5 Company ABC is planning to bid for a tender. Three other competitors are competing for this bid. ABC is considering

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28 swered ut of 2.5 Company ABC is planning to bid for a tender. Three other competitors are competing for this bid. ABC is considering the following alternative bid levels with associated probabilities. Identify which bid proposal should the company consider given that the cost is 15 000 JOD. (2.5) Bid # Bid Prob. that bid Proposal is lower than competitor(j) bid proposal competitor(1) competitor(2) competitor(3) B1 16000 0.9 0.95 question 0.8 B2 18000 0.85 0.9 0.8 B3 20000 0.8 0.85 0.9 B4 25000 0.6 0.8 0.75 30000 B5 0.4 0.5 0.6

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