Question

(a)

If she leaves the house on the market for another month, what Is the mathematical expression for
the probability density function of the sales price? Let x sales price.
The uniform probability density function for the random variable x is given below.
f(x)=1/b-a , a<=x=<
0 ,elsewhere
Here, the random variable x iS the sales price of a house and Is given to be uniformly distributed between

200,000 and 230,000. Therefore, we have a=? b=?

Answer 1

The probability density function for the sales price of a house is given by f(x) = 1/(b - a) for a <= x <= b, and 0 elsewhere. In this case, a = 200,000 and b = 230,000.

Step-by-step explanation:

The probability density function for the sales price of a house is given by the equation:

f(x) = 1/(b - a) for a <= x <= b, and 0 elsewhere.

In this case, the random variable x represents the sales price of the house, which is uniformly distributed between $200,000 and $230,000. Therefore, a = 200,000 and b = 230,000.