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Mathematics, 22.04.2020 02:37 wfergphilly3159
Upon studying low bids for shipping contracts, a microcomputer manufacturing company finds that intrastate contracts have low bids that are uniformly distributed between 21 and 28, in units of thousands of dollars. a. Find the probability that the low bid on the next intrastate shipping contract is below $24,000. (Round your answer to four decimal places.) b. Find the probability that the low bid on the next intrastate shipping contract is in excess of $27,000. (Round your answer to four decimal places.)
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