Mathematics, 01.04.2021 18:00 potternatalie90
Upon studying low bids for shipping contracts, a microcomputer manufacturing company finds that intrastate contracts have low bids that are uniformly distributed between 23 and 29, in units of thousands of dollars. (a) Find the probability that the low bid on the next intrastate shipping contract is below $25,000. (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 $28,000. (Round your answer to four decimal places.)
Answers: 1
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Upon studying low bids for shipping contracts, a microcomputer manufacturing company finds that intr...
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