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dem82 [27]
3 years ago
8

Suppose we are interested in bidding on a piece of land and we know one other bidder is interested. The seller announced that th

e 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)?
Mathematics
1 answer:
Kamila [148]3 years ago
8 0

Answer:

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

You might be interested in
1)The graph of the function y = 4x does not pass through the origin.
Gemiola [76]

Answer:

The correct options are:

Option B) 4^x is never zero.

Option F) When x=0, y≠0

Step-by-step explanation:

Consider the provided function.

y=4^x

When we substitute x=0 in above function we get:

y=4^{0}

y=1

When we substitute x=-1 in above function we get:

y=4^{-1}

y=0.25

When we substitute x=1 in above function we get:

y=4^{1}

y=4

The above function is exponential function which does not pass through the origin and the range of the function is a positive number.

The graph of the function is shown in figure 1.

Now consider the provided options.

Option A) 4^x is always greater than or equal to 1.

The option is incorrect as the value of the function is less than 1 for negative value of x.

Option B) 4^x is never zero

The option is correct.

Option C) When y=0, x=0

The option is incorrect.

Option D) When x=0, y=4

When x=0 the value of y is 1.

Thus, the option is incorrect.

Option E) 4^x is zero when x=0

When x=0 the value of 4^x is 1.

Thus, the option is incorrect.

Option F) When x=0, y≠0

The option is correct as 0≠1.

3 0
4 years ago
3i (2i-4)<br><br> Show steps and answer
Sloan [31]

Answer:

6i^2-12i

Step-by-step explanation:

3i×2i =6i^2

3i×4 =12i

5 0
1 year ago
I would really appreciate help
vivado [14]
The first graph would be your answer. I hope this helps love! :)
4 0
4 years ago
2 Points
ch4aika [34]
I think the answer is b
5 0
3 years ago
I"LL PICK The BRAINIEST ANSWER
lys-0071 [83]
The answer would be C.
7 0
3 years ago
Read 2 more answers
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