Background Information Bidding for a Government Contract at SciTools
{"Image DocumentName": "Background Information Bidding for a Government Contract at SciTools", "Image ImageDescription": "SciTools Incorporated specializes in scientific instruments and has been invited to make a bid on a government contract to provide these instruments this coming year. SciTools estimates that it will cost  5000 to prepare a bid and  95,000 to supply the instruments. On the basis of past contracts, SciTools estimated the probabilities of the low bid from competitors at a certain dollar level. In addition, they believe there is a 30% chance that there will be no competing bids.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}