, 08.11.2019 05:31 blesskids600

# 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 $10,100 will be accepted. assume that the competitor's bid x is a random variable that is uniformly distributed between$10,100 and $14,500. a. suppose you bid$12,000. what is the probability that your bid will be accepted (to 2 decimals)? b. suppose you bid $14,000. what is the probability that your bid will be accepted (to 2 decimals)? c. what amount should you bid to maximize the probability that you get the property?$ 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$13,100. if your objective is to maximize the expected profit, what is your bid? - select your stay with your bid in part (c); it maximizes expected profit or bid $13,100 to maximize the expected profititem what is the expected profit for this bid (to 2 decimals)?$

### Another question on Mathematics

Mathematics, 21.06.2019 12:30
Arandom sample of 240 park users were asked if they go to the park more often on weekdays or on the weekend. the results are shown in the table. weekdays weekend male 50 10 female 150 30 based on the data in the table, select correct or incorrect for each statement. correct incorrect the males go to the park more often on the weekend. the females go to the park more often on weekdays. for the participants in the survey, gender affects which days of the week a person goes to the park.
Asif spent $745.10 on 13 new file cabinets for his office. small file cabinets cost$43.50 and large file cabinets cost $65.95. write and solve a system of equations to find the number of small cabinets and large cabinets he purchased. determine if each statement is true or false. 1. he purchased 5 small cabinets. true or false 2. he purchased 7 large cabinets. true or false 3. he spent$527.60 on large cabinets. true or false