Mathematics, 11.03.2020 06:34 Poohlobster
Suppose we are interested in bidding on a piece of land and we know one other bidder is interested. The seller announced that the highest bid in excess of $10,000 will be accepted. Assume that the competitor’s bid x is a random variable that is uniformly distributed between $10,000 and $15,000.a. Suppose you bid $12,000. What is the probability that your bid will be accepted?b. Suppose you bid $14,000. What is the probability that your bid will be accepted?c. What amount should you bid to maximize the probability that you get theproperty?d. Suppose you know someone who is willing to pay you $16,000 for the property. Would you consider bidding less than the amount in part (c)? Why or why not?
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Mathematics, 20.06.2019 18:04
Ifigured out the question and i dont know what to put here
Answers: 3
Mathematics, 20.06.2019 18:04
George is folding a piece of paper to make an origami figure. each time he folds the paper, the thickness of the paper is doubled. the paper starts out flat, with a thickness of 1 millimeter. a. write a list of six ordered pairs showing the output as the thickness of the paper when the input is the number of times it is folded. explain how you came up with your ordered pairs. b. is this relation a function? explain why or why not using the ordered pairs you came up with in part a.
Answers: 1
Mathematics, 21.06.2019 18:30
Select the lengths in centimeters that would form a right triangle
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Suppose we are interested in bidding on a piece of land and we know one other bidder is interested....
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