The accompanying data came from a study of collusion in bidding within the construction industry ("Detection of Collusive Behavior." J. of Construction Engr: and Mgmnt.2012:1251-1258). No.Bidders No. Contracts 2 7 s 20 4 26 5 16 6 11 7 9 8 6 9 8 10 3 11 2 a. What proportion of the contracts involved at most five bidders? At least five bidders? b. Whatproportion of the contracts involved between five and 10 bidders, inclusive? Strictly bet\veen five and 10 bidders? c. Construct a histogram and comment on interesting features.
The accompanying data came from a study of collusion in bidding within the construction industry ("Detection of Collusive Behavior." J. of Construction Engr: and Mgmnt.2012:1251-1258). No.Bidders No. Contracts 2 7 s 20 4 26 5 16 6 11 7 9 8 6 9 8 10 3 11 2 a. What proportion of the contracts involved at most five bidders? At least five bidders? b. Whatproportion of the contracts involved between five and 10 bidders, inclusive? Strictly bet\veen five and 10 bidders? c. Construct a histogram and comment on interesting features.
Calculus For The Life Sciences
2nd Edition
ISBN:9780321964038
Author:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Publisher:GREENWELL, Raymond N., RITCHEY, Nathan P., Lial, Margaret L.
Chapter12: Probability
Section12.4: Discrete Random Variables; Applications To Decision Making
Problem 28E
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The accompanying data came from a study of collusion in bidding within the construction industry ("Detection of Collusive Behavior." J. of Construction Engr: and Mgmnt.2012:1251-1258).
No.Bidders |
No. Contracts |
2 |
7 |
s |
20 |
4 |
26 |
5 |
16 |
6 |
11 |
7 |
9 |
8 |
6 |
9 |
8 |
10 |
3 |
11 |
2 |
a. What proportion of the contracts involved at most five bidders? At least five bidders?
b. Whatproportion of the contracts involved between five and 10 bidders, inclusive? Strictly bet\veen five and 10 bidders?
c. Construct a histogram and comment on interesting features.
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