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A consulting firm submitted a bid for a large research project. The firm's management initiolly felt there was a ( 50 / 50 ) chance

image text in transcribed A consulting firm submitted a bid for a large research project. The firm's management initiolly felt there was a \( 50 / 50 \) chance of getting the bid. However, the apency to which the bid was submi image text in transcribed

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