1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Korolek [52]
3 years ago
9

A dealer decides to sell an antique card by means of an English auction with a reservation price of $200. There are two bidders.

The dealer believes that there are only two possible values, $200 and $600, that each bidder’s willingness to pay might take. Each bidder has a probability of 1/2 of having each of these willingness to pay, and the probabilities for each of the three bidders are independent of the others' valuations. Assuming that the three bidders bid rationally and do not collude, the dealer's expected revenue from selling the card is approximately ____.
Mathematics
1 answer:
Vinvika [58]3 years ago
6 0

Answer:

Expected revenue = $400

Step-by-step explanation:

Expected revenue is given by the formula;

Expected revenue = Sum of x * p(x)

x = 200

x = 600

p(x) = 1/2

p(x) = 1/2

Substituting, we have;

Expected revenue = 200*1/2 + 600*1/2

                               = 100 + 300

                                = $400

Therefore, expected revenue = $400

You might be interested in
Help please hllooooo
siniylev [52]

9514 1404 393

Answer:

  $81

Step-by-step explanation:

The garden is 4 yards = 12 feet by 3 yards = 9 feet. The area of it is the product of these dimensions, ...

  (12 ft)(9 ft) = 108 ft²

The cost of fertilizer for that area will be ...

  ($0.75/ft²)(108 ft²) = $81.00

They will spend $81.00 to fertilize the garden.

8 0
3 years ago
A stick 1 meter long casts a shadow 1.5 meters long. A building casts a shadow 17 meters long. How tall is the building (to 2 de
vladimir2022 [97]
I’m not sure keep trying
5 0
3 years ago
PLEASE HELP!!!Find the area of the kite.
Veseljchak [2.6K]

Answer:

9

Step-by-step explanation:

9 is the correct answer.

4 0
3 years ago
A radar gun was used to record the speed of a swimmer (in meters per second) during selected times in the first 2 seconds of a r
Natalka [10]
Trapezoidal is involving averageing the heights
the 4 intervals are
[0,4] and [4,7.2] and [7.2,8.6] and [8.6,9]

the area of each trapezoid is (v(t1)+v(t2))/2 times width

for the first interval
the average between 0 and 0.4 is 0.2
the width is 4
4(0.2)=0.8

2nd
average between 0.4 and 1 is 0.7
width is 3.2
3.2 times 0.7=2.24

3rd
average betwen 1.0 and 1.5 is 1.25
width is 1.4
1.4 times 1.25=1.75

4th
average betwen 1.5 and 2 is 1.75
width is 0.4
0.4 times 1.74=0.7

add them all up
0.8+2.24+1.75+0.7=5.49

5.49
t=time
v(t)=speed
so the area under the curve is distance
covered 5.49 meters
8 0
3 years ago
I will give brainliest to the first person who answers.
nasty-shy [4]

Answer:

the answer is \sqrt{5\\} , and - \sqrt{5\\} which is C.

Step-by-step explanation:

well I got that answer by doing this

we have x^{2}= 5

For x^{2}= f (a) the solutions are x = \sqrt{f(a)\\} , - \sqrt{f(a)\\}

so in this case the solutions are \sqrt{5\\}, and - \sqrt{5\\}

HOPE THIS HELPS :)

3 0
3 years ago
Other questions:
  • Select all the correct systems of equations.<br> Which systems of equations have infinite solutions?
    6·1 answer
  • How many different ways can you choose 2 vowels out of the box, if there are 5 vowels in the box and order matters.
    6·1 answer
  • I need it asap plzzz​
    15·1 answer
  • Bridget has swimming lessons every fifth day and diving lessons every third day. If she had a swimming lesson and a diving lesso
    11·1 answer
  • Jada added two like fractions and then wrote the answer in simplest form. The answer was 1/3. One of the addends was 3/12 . What
    12·1 answer
  • Find the mode of these numbers:<br> 4,4,6,6,2,2,6,2,4,2
    9·2 answers
  • What is the value of (3 + 2)2 - 5 * 3 +23?
    10·1 answer
  • Help men on my math test :(((
    12·1 answer
  • X + y + 2 = 6<br>3x - 2y = - 4<br>2x - y + = 9
    15·1 answer
  • according to the synthetic division of below which of the following statements are true check all that apply ​
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!