What is 1,207.43% times 83.53$
2 answers:
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Answer:
Step-by-step explanation:
(a)
The bid should be greater than $10,000 to get accepted by the seller. Let bid x be a continuous random variable that is uniformly distributed between
$10,000 and $15,000
The interval of the accepted bidding is , where b = $15000 and a = $10000.
The interval of the provided bidding is [$10,000,$12,000]. The probability is calculated as,
(b) The interval of the accepted bidding is [$10,000,$15,000], where b = $15,000 and a =$10,000. The interval of the given bidding is [$10,000,$14,000].
(c)
The amount that the customer bid to maximize the probability that the customer is getting the property is calculated as,
The interval of the accepted bidding is [$10,000,$15,000],
where b = $15,000 and a = $10,000. The interval of the given bidding is [$10,000,$15,000].
(d) The amount that the customer bid to maximize the probability that the customer is getting the property is $15,000, set by the seller. Another customer is willing to buy the property at $16,000.The bidding less than $16,000 getting considered as the minimum amount to get the property is $10,000.
The bidding amount less than $16,000 considered by the customers as the minimum amount to get the property is $10,000, and greater than $16,000 will depend on how useful the property is for the customer.
Slope-intercept form:
y = mx + b
"m" is the slope, "b" is the y-intercept (the y value when x = 0)
You need to find "m" and "b"
1.) For lines to be perpendicular, their slopes have to be the opposite/negative reciprocal (flipped sign and number)
For example:
slope is 2
perpendicular line's slope is -1/2
slope is -2/3
perpendicular line's slope is 3/2
The given line's slope is -4, so the perpendicular line's slope is 1/4.
y = 1/4x + b
To find "b", you can plug in the point (4, -2) into the equation
y = 1/4x + b
-2 = 1/4(4) + b
-2 = 1 + b
-3 = b
2.) To find "m", use the slope formula and plug in the two points:
y = -3/2x + b
Plug in one of the points to find "b"
y = -3/2x + b
-1 = -3/2(4) + b
-1 = -6 + b
5 = b
3.) y-intercept: 5 (since the given equation's y-intercept is 5)
I'm confused with what they mean by "steep", so I'll try to update this later unless someone else has an answer
So I looked it up, and it says that a steep slope is a line that is more vertical [if that makes sense]. So you could do a slope of +3 (more than 3, like 4, 5, 6...) because the given line's slope is 3, and you need a new line that is more steeper(vertical)