GATE CE · 2021 · CE
Question 30: Construction Materials and Management
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Question 30
CEMCQ2 marksNeeds review
Contractor X is developing his bidding strategy against Contractor Y. The ratio of Y’s bid price to X’s cost for the 30 previous bid in which Contractor X has competed against Contractor Y is given in the Table
Ratio of Y’s bid price to X’s cost | Number of bids |
|---|---|
1.02 | 6 |
1.04 | 12 |
1.06 | 3 |
1.10 | 6 |
1.12 | 3 |
Based on the bidding behaviour of the Contractor Y, the probability of winning against Contractor Y at a mark up of 8% for the next project is
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2021CE
GATE CE 2021 · Paper 1
Civil Engineering · Original paper archive
- Section
- Civil Engineering
- Question type
- Multiple choice (MCQ)
- Marks
- 2 marks
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