Based on the information given, it should be noted that we will have an omitted variable bias, therefore, it's true.
<h3>What is an omitted variable?</h3>
An omitted variable simply occurs when a statistical model that occurs when one or more relevant variable is left out.
It should be noted that we will have omitted variable bias if we leave out a RHS variable that affects the LHS variable, even in a situation where there is no correlation between the omitted RHS variable and the included RHS variables.
For omitted variable bias to occur, it should be noted that the omitted variable will be correlated with the included regressor.
Learn more about omitted variable on:
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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
You haven't provided the original coordinates or the figure, therefore, I cannot give an exact answer. However, I will help you with the concept.
For rotation 180° about the origin, the signs of both the x any y coordinates are changed.
<u>This can be modeled as follows:</u>
(x,y) ......> rotation 180° about the origin ........> (-x,-y)
<u>Examples:</u>
(1,2) .......> rotation 180° about the origin ........> (-1,-2)
(2,-19) ....> rotation 180° about the origin ........> (-2,19)
(-3,-8) .....> rotation 180° about the origin ........> (3,8)
(-5,7) ......> rotation 180° about the origin ........> (5,-7)
Based on the above, all you have to do to get the coordinates of C' is change the signs of both the x and y coordinates
Hope this helps :)
The widths of the bars are equal to ensure that numbers aren't represented improperly. If a bar was wider than another that was the same height, it could be misinterpreted as being larger.
