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Business, 08.10.2019 18:20 lordined5256

Agovernment agency is putting a large project out for low bid. bids are expected from 10 different contractors and will have a normal distribution with a mean of $3.5 million and a standard deviation of $0.25 million. devise and implement a sampling experiment for estimating the distribution of the minimum bid and the expected value of the minimum bid.

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Agovernment agency is putting a large project out for low bid. bids are expected from 10 different c...
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