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 )
Answer:
2.600 = Exact
2.6 = Base Form
Step-by-step explanation:
?
To get the answer, multiple 20 by 0.45= $9 than subtract 9$ from $10 which equals $1.
Answer:
x=12
Step-by-step explanation:
3x=2x+12
3x-2x=12
x=12