Mathematics: Suppose we are interested in bidding on a piece of land and we know one other bidder is interested. the seller announced that the highest bid in excess of $10,000 will be accepted. assume that the competitor s bid x is a random variable that is uniformly distributed between $10,000 and $15,000. if required, round your answers to two decimal places. a. suppose you bid $12,000. what is the probability that your bid will be accepted (to 2 decimals)?

Suppose we are interested in bidding on a piece of

maybe67

03.01.2022

P(bid accepted) = 0.4

Step-by-step explanation:

Defining the probability function of the competitor's bid as

P(B

for x between 10000 and 15000

We can calculate the probability that our bid of $12,000 is accepted as

P(B

0,0(0 оценок)

Jenifermorales101

06.11.2020

The bagel shop has the better price because 1 dozen is 12 bagels and if you multiply 0.75 x 12 = 9.00
so the better price is 7.00

0,0(0 оценок)