Solve for u. -5/6u = 15
1 answer:
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Answer:
0.4
Step-by-step explanation:
Given:-
- The uniform distribution parameters are as follows:
a = $10,000 b = $15,000
Find:-
Suppose you bid $12,000. What is the probability that your bid will be accepted?
Solution:-
- We will denote a random variable X that defines the bid placed being accepted. The variable X follows a uniform distribution with parameters [a,b].
X ~ U(10,000 , 15,000)
- The probability of $12,000 bid being accepted can be determined by the cdf function of the uniform distribution, while the pmf is as follows:
Pmf = 1 / ( b - a )
Pmf = 1 / ( 15,000 - 10,000 )
Pmf = 1 / ( 5,000 )
I don't see a table but I can give you the means to answer it yourself. The inverse function is represented by this: 
where k is your constant. You are given a k value of 4. If you solve this for k then you will get xy=4. In your tables, multiply your x value by your y value within your coordinate points and if you get a product of 4 each time you multiply x by y, then that table is your answer.