uppose 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 will be accepted. Assume that the competitor's bid is a random variable that is uniformly distributed between and . a. Suppose you bid . What is the probability that your bid will be accepted (to 2 decimals)

The required parameters are missing :

Probable question with parameters :

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?

0.4

Step-by-step explanation:

Competitor's bid = 10,000 to 15000

Take the interval as:

a = 15,000 ; b = 20,000

f(y) =1/ interval difference = 1/(20000-15000) = 1/5000 = 0.0002

With a bid of 17000:

P(x < 17000 = ∫f(y) dy

∫0.0002dy = (0.0002x) at x = 17000 to x = 15000

0.0002(17000) - 0.0002(15000)

3.4 - 3

= 0.4

You can plug in your variables, of the variables you have are different.

d

step-by-step explanation:

hello and welcome!

so, when we see the words "proportional" along with a table, we need to know that we're looking numbers that divide by the same thing.

looking at this table, we simply have to do a trial and error, and divide to see which numbers have the same quotient. if you look at choice a & c, they both have equal quotients for three of the numbers, with one exception, so those can't be the answer. looking at b, there is no similarity, so that can't be it. then, we see d; if you divide all the numbers in the table, you'll see that they all divide by two, which is a proportional relationship, and our answer!

also, always remember that the x will always be the number that goes into y, and somewhere behind this table, is a formula. for this specific table, the formula would be:

since our x-value is being divided by two to get the y-value. and if they were to ask for more numbers in the series, this is the formula you would use to find them.

x

step-by-step explanation: