Question
In an experiment, John has found that the low bid on a construction job can be...
- In an experiment, John has found that the low bid on a construction job can be regarded as a random variable having a uniform density
f(x) = 3/4 for 2/3 < x < 2 ,
0 , otherwise
- What is the bid value where fifty percent of the bids are above it?
- What is the standard deviation of the bids?
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Answer #1
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