Answer:
The following points are not arranged in a parallelogram or rectangle order.
Step-by-step explanation:
Well first we need to graph the following.
A(1,1) B(2,2) C(3,3) D(4,4)
By looking at the image below we can tell it is not any shape, it’s not a parallelogram or a rectangle.
It is a line with a slope of 1 or x.
Answer:
Step-by-step explanation:
(a)
The bid should be greater than $10,000 to get accepted by the seller. Let bid x be a continuous random variable that is uniformly distributed between
$10,000 and $15,000
The interval of the accepted bidding is , where b = $15000 and a = $10000.
The interval of the provided bidding is [$10,000,$12,000]. The probability is calculated as,
(b) The interval of the accepted bidding is [$10,000,$15,000], where b = $15,000 and a =$10,000. The interval of the given bidding is [$10,000,$14,000].
(c)
The amount that the customer bid to maximize the probability that the customer is getting the property is calculated as,
The interval of the accepted bidding is [$10,000,$15,000],
where b = $15,000 and a = $10,000. The interval of the given bidding is [$10,000,$15,000].
(d) The amount that the customer bid to maximize the probability that the customer is getting the property is $15,000, set by the seller. Another customer is willing to buy the property at $16,000.The bidding less than $16,000 getting considered as the minimum amount to get the property is $10,000.
The bidding amount less than $16,000 considered by the customers as the minimum amount to get the property is $10,000, and greater than $16,000 will depend on how useful the property is for the customer.