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Vijay posted an Question
July 08, 2022 • 19:24 pm 30 points
  • CSIR NET
  • Mathematical Sciences

23. a fim plans to bid s so0 per lonne lor a contraet to supply l000 tomnes vt a dleat. u band t s s n ne prodabilty that a will bid less than r 00 per lonne is

23. A fim plans to bId s sO0 per lonne lor a contraet to supply l000 tomnes vt a dleat. u Band t S s n ne prodabilty that A will bid less than R 00 Per lonne is 0. and ihat w il id ies 300 Per tonne is 0. /. t the owest biukeT gets all the business anud the firnms bil ludependennly gels all he tus and the tus bd mdependently what is the epeeted value vt the cvmtraet t (A) 63000 (CR 147000 (R)R 2700D

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