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(d) To find the probability that Orion wins the contract if it bids $240,000 per bus we need to compute the following probability (note that

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(d) To find the probability that Orion wins the contract if it bids $240,000 per bus we need to compute the following probability (note that LowBid is the same as WinningBid but is a bit more descriptive of what the above regression provides): Pr (Win Contract) = Pr (Low Bid > 240000) = 0.7146

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