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1 answer:
Answer:
20. The sum of a number and ten is three times the number
21. The sum of the product of two and a number and the product of four and another number is twenty
22. Four times the sum of a and b is the product of nine times a
23. The product of six and a number subtracted from eight is the sum of four and two times a number
24. The difference of the square of s and the square of n is equal to the product of two and b.
25. d
26. f
27. c
28. b
29. a
30. e
31. Real, Irrational
32. Real, Rational, Integer
33. Real, Rational
34. -
35.-
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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.