An import–export firm has a 0.45 chance of concluding a deal to export agri- cultural equipment to a developing nation if a major competitor does not bid for the contract, and a 0.25 probability of...

An import–export firm has a 0.45 chance of concluding a deal to export agri- cultural equipment to a developing nation if a major competitor does not bid for the contract, and a 0.25 probability of concluding the deal if the competitor does bid for it. It is estimated that the competitor will submit a bid for the contract with probabil- ity 0.40. What is the probability of getting the deal?