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In an experiment, John has found that the low bid on a construction job can be...

  1. 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

  1. What is the bid value where fifty percent of the bids are above it?
  1. What is the standard deviation of the bids?
Math   Statistics-And-Probability   
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