The accompanying data came from a study of collusion in bidding within the construction industry. No. Bidders No. Contracts 3 20 4. 26 17 6 12 8 8. 9. 6. 10 11 n USE SALT (a) What proportion of the contracts involved at most five bidders? At least five bidders? (Round your answers to four decimal places.) at most five bidders at least five bidders 2. 1.
The accompanying data came from a study of collusion in bidding within the construction industry. No. Bidders No. Contracts 3 20 4. 26 17 6 12 8 8. 9. 6. 10 11 n USE SALT (a) What proportion of the contracts involved at most five bidders? At least five bidders? (Round your answers to four decimal places.) at most five bidders at least five bidders 2. 1.
MATLAB: An Introduction with Applications
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Transcribed Image Text:Pautosaverquestion4047375_11
The accompanying data came from a study of collusion in bidding within the construction industry.
No. Bidders
No. Contracts
2
8
20
4
26
5
17
6
12
8
8
5
6
10
2
11
A USE SALT
(a) What proportion of the contracts involved at most five bidders? At least five bidders? (Round your answers to four decimal places.)
at most five bidders
at least five bidders
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Transcribed Image Text:(b) What proportion of the contracts involved between five and 10 bidders, inclusive? Strictly between five and 10 bidders? (Round your answers to four decimal places
between five and 10 bidders, inclusive
strictly between five and 10 bidders
(c) Construct a histogram/bar chart.
30
30
25
25
20
20
15
15
10
10
5-
2 3 4 5 6 7 8 9 10 11
2 3 4 5 6 7 8 9 10 11
Number of bidders
Number of bidders
30아
30
25
25
20
20
15
15
10
10
5
5
2:35 PM
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2/23/2022
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