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?
Answers: 1
Mathematics, 21.06.2019 15:00
Aregular hexagon rotates counterclockwise about its center. it turns through angles greater than 0° and less than or equal to 360°. at how many different angles will the hexagon map onto itself?
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Mathematics, 21.06.2019 16:30
Scott harris can invest $7,000 in a 1-year cd that earns interest at an annual rate of 4 percent compounded monthly. the amount per $1.00 is 1.040742. he can also invest $7,000 in a 1-year cd at annual rate of 4 percent compounded quarterly. the amount per $1.00 is 1.040604. what is the difference in the amount of interest earned for each investment? a) $0.96 b) $0.81 c) $0.87 d) $0.88
Answers: 1
Mathematics, 21.06.2019 17:40
Follow these steps using the algebra tiles to solve the equation −5x + (−2) = −2x + 4. 1. add 5 positive x-tiles to both sides and create zero pairs. 2. add 4 negative unit tiles to both sides and create zero pairs. 3. divide the unit tiles evenly among the x-tiles. x =
Answers: 2
Suppose we are interested in bidding on a piece of land and we know one other bidder is interested....
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