Mathematics, 21.04.2020 22:20 xmanavongrove55

Two companies provide bids to rebuild Parker Hall. The bids are between 2000 and 4000. Auburn accepts the lower bid provided that the bids differ by more than 200. Otherwise, the project must be rebid. Assume that the bids are independent and uniformly distributed between 2000 and 4000. What is the probability that the project must be rebid?

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Two companies provide bids to rebuild Parker Hall. The bids are between 2000 and 4000. Auburn accept...

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