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:
(a) it is less then
(b) it is greater then
Step-by-step explanation:
it those because that the right answer
Answer:
I think we are missing data, so this is impossible to answer.
Answer:
There is a 3 in 9 chance
Step-by-step explanation:
Answer: x=1001, -999
Step-by-step explanation:
I hope that this helps sum