Is 4/6 greater or less than 7/8
1 answer:
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Answer:
149 engines in 9th year
Step-by-step explanation:
I think your question is missed of key information, allow me to add in and hope it will fit the original one.
Please have a look at the attached photo.
My answer:
From a look at the photo and the data plot can be represented by the function, so we can pick 2 points in our given graph
- (x1, y1) = (2,60)
- (x2, y2) = (5,99)
The standard form of a linear equation is:
y = mx + b where:
- m is the slope
- b is the y-intercept
We know the slope of the function can be found as following:
so in this situation we have:
<=>
=> y = 13x + b (1)
Because the line goes through point (2,60) so we substitute it into (1):
60 = 13*2 + b
<=> b = 60 - 26 = 34
=> y = 13x + 34
Now we will substitute x=9 to find the engines produced by company in 9th year as:
Hence, the company will produce 149 engines in 9th year
Answer:
a) 0.32 = 32% probability that your bid will be accepted
b) 0.72 = 72% probability that your bid will be accepted
c) An amount in excess of $15,400.
Step-by-step explanation:
An uniform probability is a case of probability in which each outcome is equally as likely.
For this situation, we have a lower limit of the distribution that we call a and an upper limit that we call b.
The probability that we find a value X lower than x is given by the following formula.
Assume that the competitor's bid x is a random variable that is uniformly distributed between $10,400 and $15,400.
This means that
a. Suppose you bid $12,000. What is the probability that your bid will be accepted (to 2 decimals)?
You will win if the competitor bids less than 12000. So
0.32 = 32% probability that your bid will be accepted
b. Suppose you bid $14,000. What is the probability that your bid will be accepted?
You will win if the competitor bids less than 14000. So
0.72 = 72% probability that your bid will be accepted
c. What amount should you bid to maximize the probability that you get the property (in dollars)?
His bid is uniformly distributed between $10,400 and $15,400.
So, to maximize the probability that you get the property, you should bid an amount in excess of $15,400.