Enola bought snacks for her team's practice. She bought a bag of oranges for $2.06 and a 3-pack of juice bottles. The total cost
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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.
Answer:
There is no need to call for election.
Step-by-Step Explanation
Surveys are based on probability or statistics. It serves as a standard tool for experimental research in marketing, social sciences and official data statistics.
Since 8 out of 40 members of the Sweetheart Union will sign the petition, the percentage of those who will sign the petition is calculated below:
Based on the sample survey, only 20 percent of the members will sign the petition. Since, in the sample, the number of those who will sign is less than 33%, the union should be told that there is no need for the National Labor Relations Board to call for the election.
Answer:
Slope = -1/5
Step-by-step explanation:
(-5, -2)(5, -4)
Slope: