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
Answer:
The events occur together
Step-by-step explanation:
A simple association forms between two events when these events occur together dependently.One event will rely on another to happen first for it to take place.In this case, the occurrence of one event influences the probability of the other event happening.
Answer:
x = 0
Step-by-step explanation:
Answer:
Step-by-step explanation:
The slope-intercept form is given by y=mx+c, where m is the slope and c is the y-intercept.
Slope of given line= 
Parallel lines have the same slope. Thus, the slope of the line would also be .
The value of c can be found by substituting a pair of coordinates.
When x= 4, y= -1,
-1= -3 +c
<em>Add 3 to both sides:</em>
c= -1 +3
c= 2
Thus, the equation of the line is 
.
Additional:
Do check out the following for a similar question on slope-intercept form!
