Find a pattern, then select the next two terms of the sequence. 5, 1, 7, 0, 9, –1, 11, . . .
1 answer:
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Answer:
And for this case we can use the cumulative distribution function given by:
And using this formula we have this:
Then we can conclude that the probability that your bid will be accepted would be 0.41
Step-by-step explanation:
Let X the random variable of interest "the bid offered" and we know that the distribution for this random variable is given by:
If your offer is accepted is because your bid is higher than the others. And we want to find the following probability:
And for this case we can use the cumulative distribution function given by:
And using this formula we have this:
Then we can conclude that the probability that your bid will be accepted would be 0.41