Mathematics, 08.11.2019 01:31 Aldcperformer

# 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 $10,400 will be accepted. assume that the competitor's bid x is a random variable that is uniformly distributed between $10,400 and $14,600.a. suppose you bid $12,000. what is the probability that your bid will be accepted (to 2 decimals)? b. suppose you bid $14,000. what is the probability that your bid will be accepted (to 2 decimals)? c. what amount should you bid to maximize the probability that you get the property (in dollars)? d. suppose that you know someone is willing to pay you $16,000 for the property. you are considering bidding the amount shown in part (c) but a friend suggests you bid $13,200. if your objective is to maximize the expected profit, what is your bid? (options: 1. stay with the bid in part (c) or 2. bid $13,200 to maximize profit)what is the expected profit for this bid (in dollars)?

Answers: 3

Mathematics, 21.06.2019 17:00

The angle of a triangle are given as 6x,(x-3), and (3x+7). find x then find the measures of the angles

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Mathematics, 21.06.2019 19:30

Me. i can't figure out this question. give an explanation too. .

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Mathematics, 21.06.2019 20:00

Simplify (2^5/3^2)^4 a. 2^20/3^8 b. 2^9/3^8 c. 8^5/12^2 d. 2/3^2

Answers: 1

Mathematics, 21.06.2019 20:30

Does the function satisfy the hypotheses of the mean value theorem on the given interval? f(x) = 4x^2 + 3x + 4, [−1, 1] no, f is continuous on [−1, 1] but not differentiable on (−1, 1). no, f is not continuous on [−1, 1]. yes, f is continuous on [−1, 1] and differentiable on (−1, 1) since polynomials are continuous and differentiable on . there is not enough information to verify if this function satisfies the mean value theorem. yes, it does not matter if f is continuous or differentiable; every function satisfies the mean value theorem.

Answers: 1

Suppose we are interested in bidding on a piece of land and we know one other bidder is interested....

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