Answer: $1,700
Explanation:
The expected winning bid is the weighted average of the 2 different bids.
Half of the bids are for $1,500 so weight of $1,500 is 0.5.
Half of the bids are for $1,900 so weight of $1,900 is 0.5.
Expected Winning bid = (1,500 * 0.5) + ( 1,900 * 0.5)
= 750 + 950
= $1,700
C) Median
is your answer
Median is "the middle number in a given sequence of numbers, or the average of the two middle numbers when there is a even amount of numbers in a sequence"
For example, your median is 3 in a sequence of: 1,2,3,4,5
hope this helps
Assuming the second CPI should be January 2016, not Jan 2015:
To calculate the rate of inflation (rate of change in CPI)
( CPI(2016) - CPI(2015) ) ÷ CPI(2015) x 100%
(236.916 - 233.707) ÷ 236.916 x100% = 1.35%
Average variable cost (ATC/Q)
In system theory, the concept of opennes is illustrated when<u> McDonalds actively takes in resources from the environment and returns products to it (D).</u>
System theory appracch is the view of an organization as an open social system which has to have interaction with its environment in order to survive. System theory approach realizes that environment provides many essential resources, such as customers, suppliers, employees, shareholders, and also government.
Katz and Kahn suggested the Open-system approach and stated that organizational behaviours could be identified by maping the repeated cycle of input, throughput, output and feedback between an organization and its external environment. The environment provides input either in the form information or resources. The system then process the input and produce output which then release back into the environment. The system will seek feedback from the environment relatede to the output.
In McDonalds case, the implementation of opennes in system theory is illustrated when McDonalds actively takes in resources from the environment and returns products to it.
Learn more about System Theory here: brainly.com/question/28278157
#SPJ4
