subject
Mathematics, 13.08.2021 01:30 myjavier

A building contractor is preparing a bid on a new construction project. Two other contractors will be submitting bids for the same project. Based on past bidding practices, bids from the other contractors can be described by the following probability distributions: Contractor Probability Distribution of Bid A Uniform probability distribution between $530,000 and $730,000 B Normal probability distribution with a mean bid of $630,000 and a standard deviation of $43,000 If required, round your answers to three decimal places. If the building contractor submits a bid of $670,000, what is the probability that the building contractor will obtain the bid

ansver
Answers: 1

Another question on Mathematics

question
Mathematics, 21.06.2019 16:50
Proceed as in example 3 in section 6.1 to rewrite the given expression using a single power series whose general term involves xk. ∞ n(n − 1)cnxn − 2 n = 2 − 4 ∞ ncnxn n = 1 + ∞ cnxn n = 0
Answers: 1
question
Mathematics, 21.06.2019 19:00
Amovie streaming service charges it’s customers $15 a month. martina has $98 saved up. will she have any money left over if she pays for the maximum amount of months she can afford? explain.
Answers: 1
question
Mathematics, 21.06.2019 20:00
It is given that the quadratic equation hx²-3x+k=0, where h and k are constants, has roots [tex] \beta \: and \: 2 \beta [/tex]express h in terms of k
Answers: 2
question
Mathematics, 21.06.2019 22:30
Varies inversely with x. if y=8.5 when x=-1 find x when y=-1
Answers: 1
You know the right answer?
A building contractor is preparing a bid on a new construction project. Two other contractors will b...
Questions
question
Mathematics, 22.04.2020 22:20
question
Mathematics, 22.04.2020 22:20
question
Mathematics, 22.04.2020 22:20
question
Mathematics, 22.04.2020 22:20
Questions on the website: 13722365