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 bids in which Contractor X has competed against Contractor Y is given in the TableRation of Y’s bid Price of X’s costNumber of bids1.0261.04121.0631.1061.123 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

• A. 100%
• B. 0%
• C. more than 50% but less than 100%
• D. more than 0% but less than 50%