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

Answer 1

Answer:

a) 0.3333 = 33.33% probability that the low bid on the next intrastate shipping contract is below $25,000.

b) 0.1667 = 16.67% probability that the low bid on the next intrastate shipping contract is in excess of $28,000.

Step-by-step explanation:

A distribution is called uniform if each outcome has the same probability of happening.

The uniform distribution has two bounds, a and b.

The probability of finding a value lower than x is given by:

[tex]P(X < x) = \frac{x - a}{b - a}[/tex]

The probability of finding a value higher than x is given by:

[tex]P(X > x) = \frac{b - x}{b - a}[/tex]

Uniformly distributed between 23 and 29

This means that [tex]a = 23, b = 29[/tex]

(a) Find the probability that the low bid on the next intrastate shipping contract is below $25,000.

[tex]P(X < 25) = \frac{25 - 23}{29 - 23} = 0.3333[/tex]

0.3333 = 33.33% probability that the low bid on the next intrastate shipping contract is below $25,000.

(b) Find the probability that the low bid on the next intrastate shipping contract is in excess of $28,000.

[tex]P(X > 28) = \frac{29 - 28}{29 - 23} = 0.1667[/tex]

0.1667 = 16.67% probability that the low bid on the next intrastate shipping contract is in excess of $28,000.


Related Questions

Which statement are true regarding undefinable terms in geometry

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Answer: A plane has two dimensions because it is a flat surface that has length and width but no depth.

Answer:

Surface answer

Step-by-step explanation:

Because the surface has a length and width and does not have a depth

Suppose you are taking the bus home, and can take either Route 51 or Route 82. You know that the Route 82 will arrive at the bus stop in exactly 5 minutes, but because Route 51 is unreliable, you believe that the amount of time until it arrives is uniformly distributed between 0 and 20 minutes. You take the first bus that arrives. Let T be the number of minutes you wait until you board a bus. Find E[T].

Answers

Answer:

E[T] = 10

Step-by-step explanation:

A distribution is called uniform if each outcome has the same probability of happening.

The uniform distribution has two bounds, a and b, and the expected value of the uniform distribution is given by:

[tex]E = \frac{a+b}{2}[/tex]

Uniformly distributed between 0 and 20 minutes.

This means that [tex]a = 0, b = 20[/tex]

Let T be the number of minutes you wait until you board a bus. Find E[T].

This is

[tex]E[T] = \frac{a + b}{2} = \frac{0 + 20}{2} = 10[/tex]

E[T] = 10

An ice cream shop sells two type of cones: cake cones for $1.75 and waffle cones for $3.25. on tuesday, they sold 50 more waffles cones than cake cones. The total money they collected on cone sales on tuesday was $1422.50. How many cake cone did they sell on tuesday? ( this is a matrix word problem)

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The answer is 28.45.

estimate and calculate 18686+17544?​

Answers

Answer:

I think its gona be aroundddddddddddddddddddd 30,000

oh rats.. i was in that area tho ........36,230

Which expression represents the number 142000 in Scientific Notation ?

Answers

Answer:  1.42 x 10^5

Step-by-step explanation:

Scientific Notation usually express in the form of [tex]c* 10x^{n}[/tex], where c is between 1 and 9.

142000

= 1.42 x 10^5

giving the brainliest answer to who ever can help me out!!! AND has the correct answer need help asap!?!!

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Answer:

caca water

pee water

Step-by-step explanation:

Abraham's soccer team won 2/3 of its games. The team won 14 games,
how many games did they play this season?

Answers

2/3 of x is 14
Translate into algebra: 2/3x = 14
14/(2/3)/21
21

Answer: 21

Step-by-step explanation:

First, divide 14 by 2 which is 7. Then multiply 7 by 3 because it's 2/3 so that is 21. The answer is 21

A city map is laid out on a coordinate grid with City Hall at the origin. Each unit on the grid represents a distance of one city block.

Max spends the day running errands and visiting the following locations before heading back to his apartment.

Location Coordinates
Post Office (–15, –4)
Library (–15, 16)
Police Station (–3, 16)
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Coffee Shop (4, 8)
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Which of the following options has a distance of 12 city blocks? Select three that apply.

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Answers

Answer:its library to police station

Step-by-step explanation:


help plz ill give extra points

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75
Explanation:
90-15= X
X=16

Answer the question

Answers

The answer is C)107%

Answer:

I think it's C

Step-by-step explanation:

Hope this helps you

I’ll give points + brainalist for answer / explanation

Answers

Answer:

C. the circumference of a circle

Step-by-step explanation:

The perimeter of a square is the length of the outside, which is found by adding all the side lengths. The circumference of a circle is similar because it is also the length of the outside of the shape.

Help please I will give 50 points

Answers

[tex]7(6 + y)[/tex]

[tex](y \times 6) + (y \times 7)[/tex]

[tex]6(y + 7)[/tex]

[tex](y \times 6) {y}^{2} [/tex]

Washe
car alone, ustin takes
45 hours
had
takes tos hours.
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by
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hiods?
Washing car alone it takes Justin 4.5 hours. If his dad helps him it takes 1.5 hours. His long does it take Justin’s dad to wash the car by himself?

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Answer:

it takes his dad 3 hours

Step-by-step explanation:

4.5-1.5 =3

Find the measure of 41.
s
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<1=97°

steps:

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I need help please.

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Answer:

[tex] {120m}^{3} [/tex]

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WILL GIVE BRAINLIEST!!

How do u find perimeter and area of paralellogram. Also how to give brainliest.

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Answer:

It can be shown that opposite sides of parallelogram must be congruent , that opposite angles are also congruent , and that consecutive angles are supplementary . ...

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Therefore, the perimeter is 6+10+6+10 or 32 cm.

Step-by-step explanation:

Answer:

Perimeter is always the same, add the outer lengths of all the sides. A+B+A+B=T

Or

2(A+B)

Area is just B * H when you have the height available.

You can also use a trig function A = ab sin (x)


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Answers

Answer:

none of the 3 showing are correct

Step-by-step explanation:

Answer:

Pretty sure its A hope it helps! But i have to get back to my test .

Step-by-step explanation:

You bought $2000 worth of stocks in 2012. The value of the stocks has been decreasing by 10% each year
Part A
Write an exponential function to represent this scenario...
Format for answer...
A(T) = a (1 + r)
Part B
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Answers

Answer:

a(t)= 2000(1+r)^T

*make sure to add the power to t

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Hope this helps!

The exponential decay function is given by  y=2000×0.9ˣ and the stock will be worth $1180.98 after a period of 5 years.

What is exponential decay function?

In mathematics, exponential decay describes the process of reducing an amount by a consistent percentage rate over a period of time. It can be expressed by the formula y=a(1-b)ˣ wherein y is the final amount, a is the original amount, b is the decay factor, and x is the amount of time that has passed.

Given here: The value of the stock in 2012 was $2000 and the value decreases each year by 10%

We know the exponential decay is given by  y=a(1-b)ˣ

where x is the number of years and 1-b is the decreasing factor

Thus based on the given information we can construct the exponential decay function as y=2000(1-10%)ˣ

or y=2000×0.9ˣ

Therefor in 5 years i.e in 2017 the stock will be worth

y=2000×0.9⁵

=$1180.98

Hence, The exponential decay function is given by  y=2000×0.9ˣ and the stock will be worth $1180.98 after a period of 5 years.

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https://brainly.com/question/28303908

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Answers

Answer:

-33

Step-by-step explanation:

27-(-3)=30

-3-30=-33

Sally has a clock with a minute hand that extends to the clock's edge. The 10 points
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16.485 inches
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Answer:

no se ingles así que no se pero te doy gracias por los puntos

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Answer:

10 degree Celsius

Step-by-step explanation:

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a = ?
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9514 1404 393

Answer:

  (a, b) = (√2/2, √2/2) . . . . . choice C in each case

Step-by-step explanation:

The points on a unit circle will not have coordinate values greater than 1 (eliminates √2). The coordinates will only be 0 or 1 if the point is on one of the axes. The coordinates (a, b) of the point at 45° are ...

  (cos(45°), sin(45°)) = (a, b) = (√2/2, √2/2)

The coordinate of point (a, b) is (√2/2, √2/2)

Coordinate of a point on a circle

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a = cos45 = √2/2

b = sin45 = √2/2

Hence the coordinate of point (a, b) is (√2/2, √2/2)

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Answers

0.04 is the answer i think but it could be 10/4

Ayuda por favor urge

Answers

Answer:

x = 4

Step-by-step explanation:

x + x + 6 + 6 = x + 8 + 8

2x + 12 = x + 16

2x + 12 - 12 = x + 16 - 12

2x + 0 = x + 4

2x = x + 4

2x - x = x + 4 - x

2x - x = x - x + 4

x = 0x + 4

x = 0 + 4

x = 4

Chequando Respuesta :

x = 4

x + x + 6 + 6 = x + 8 + 8

(4) + (4) + 6 + 6 = (4) + 8 + 8

4 + 4 + 6 + 6 = 4 + 8 + 8

8 + 6 + 6 = 12 + 8

14 + 6 = 20

20 = 20

Ambos lados de la ecuacio'n son igual cuando x = 4, y esto confirma que la respuesta es corecta, que x = 4 en este problema.

. You draw a card from a well-shuffled deck of 52 cards. If you get a red card, you win nothing. If you get a spade, you win $4. For any club, you win $8 plus an extra $10 for the ace of clubs. Answer parts (a) and (b). 2(a). Create a probability model for the amount you win at this game. (Enter probabilities as reduced fractions)

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Answer is in the file below

tinyurl.com/wtjfavyw

I'll give points and brainalist for answer / explanation

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Answer:

D. 28.26 in²

Step-by-step explanation:

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j varies directly with h and u

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Answer:

Im sorry in order for us to answer this question you have to use real words and add details to your question and with complete sentences.

Thank You

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Can you insert a picture? This is confusing..

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Answer:

Me puedes informar mas?

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