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svetlana [45]
3 years ago
12

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 $9,500 will be accepted. Assume that the competitor's bid x is a random variable that is uniformly distributed between $9,500 and $14,700. Suppose you bid $12,000. What is the probability that your bid will be accepted (to 2 decimals)?
Mathematics
1 answer:
Karolina [17]3 years ago
5 0

Answer:

Probability (bid accepted) = 0.48

Step-by-step explanation:

Probability density is given byF(y)= 1/(b-a)

a=9500

b= 14700

F(y)= 1/(14700-9500) =1/5200=0.00019

Probability (bid accepted)= (12000-9500)÷1/5200

P( bid accepted) = 2500×0.00019=0.475 approximately 0.48

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I need help I just can’t get it
tatuchka [14]

Answer:A

Step-by-step explanation: because x + 0 is still x and y + 0 is still y

and it is equivalent

Hope this helped

4 0
3 years ago
PLSSSS HELP!!!! Math isn't my specialty
ANTONII [103]

Answer:

Minimum value = 2

Maximum value = 26

Lower quartile = 4

Median = 14

Upper quartile = 20.5

Step-by-step explanation:

Five number summary:

  • Minimum value
  • Maximum value
  • Lower quartile
  • Median
  • Upper quartile

Assuming the stem is the tens column and the leaves are units, the data values are:

2, 2, 3, 5, 7, <u>13, 15</u>, 16, 20, 21, 24, 26

Minimum value = 2

Maximum value = 26

<u>Median</u> - middle value

As there is an even number of data values, the median is the mean of the 6th and 7th data values.

Median = (13 + 15) ÷ 2 = 14

<u>Lower quartile</u>

As there is an even number of data values, the lower quartile is the mean of the 3rd and 4th data values.

Lower quartile = (3 + 5) ÷ 2 = 4

<u>Upper quartile</u>

As there is an even number of data values, the upper quartile is the mean of the 20th and 21st data values.

Lower quartile = (20 + 21) ÷ 2 = 20.5

7 0
2 years ago
Consider the function g(x)=1/3x+2
Tom [10]
Given:
g(x) = (1/3)x + 2

Part (a)
To find the inverse:
Set y = g(x) = (1/3)x + 2
Swap x and y.
x = (1/3)y + 2.
Solve for y.
(1/3)y = x - 2
y = 3(x - 2).
Set g⁻¹(x) to y.

Answer:  g⁻¹(x) = 3(x - 2)

Part (b)
Create the table shown below to graph g(x) and g⁻¹(x).

   x     g(x)   g⁻¹(x)
---- --------- ---------
 -8   - 2/3     - 30
 -6         0     - 24
 -4      2/3      - 18
 -2      4/3      - 12
  0         2       - 6 
  2      8/3         0
  4      4/3         6
  6         4        12
  8    14/3        18
 
 Note that when x = -6, g(x) = 0, so that (-6, 0) lies on he black liine.
 Therefore the inverse function should yield (0, -6) to be correct. This is so, so g⁻¹ is correct.

Both g(x) and g⁻¹(x)satisfy the vertical line test, so both are functions.

Part (c)
Algebraically, we know that g⁻¹(x) is correct if g(g⁻¹(x)) = x
Use function composition to obtain
g(g⁻¹(x)) = (1/3)*(3x - 6) + 2
             = x - 2 + 2
             = x
Therefore g⁻¹(x) is correct.

4 0
3 years ago
Read 2 more answers
25 = 2c - 8.000000000000000000000
BigorU [14]

Answer:

c=33/2

Step-by-step explanation:

25+8=2c

33=2c

33/2=c

3 0
3 years ago
Consider the following expression and determine which statements are true.
Yuki888 [10]

Answer:

this would be c good luck Step-by-step explanation:

4 0
3 years ago
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