The expected value of the outcome of the bid is $0.18
So let's start by counting how many bids are placed up to a total of 160.
100*160 = 16000.
What will be your arbitrary bid? As each bid has an equal chance of success, the average of all bids is used. (One cent plus 160 dollars) / 2 = 80 dollars (rounded)
Your odds of winning are 1/16000 (1 bid out of 16000).
If you win, your profit is 1920 ($2000 minus $80.00).
1920/16000 is $0.12
Your cost to enter the auction is $1, and your average winning offer is $0.12.
The result is $0.18 (0.12-1=-0.88).
Thus the expected value of the outcome of the bid is $0.18
Learn more about expected value here :
brainly.com/question/23509883
#SPJ1
Answer:
13<y+x<32
Step-by-step explanation:
It depends.
If x and y are Whole Numbers, it would be 14<y+x<31.
If x and y are Real Numbers, including decimals and fractions, it would be 13<y+x<32
Since it doesn’t specify, it’s probably the latter.
Answer:
123 is not a multiple of 9, while all others are
99 is a multiple of 11, while all others are not
A divide by sin A =b divide by sinB
3 divide by sin 20= AB divide by sin 90
AB=sin 90 times 3 divide by sin 20
=8.77 cm
Answer:
47
Step-by-step explanation:
m∠n = m∠p = 47
Since BD is parallel to AC, the alternating angles property applies.
Alternating angles are angles that are form in a Z pattern. The angles in the little rotated "v" formed in the top and bottom of the Z are equal.
Imagine a rotated Z forms from letters C to A to D to B.
Angles p and n are alternating angles, so they have the same measure.
