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
Elza [17]
2 years ago
11

2. At an oral auction for used car, half of all bidders have a value of $1,500 and half have a value of $1,900. What is the expe

cted winning bid if there are three bidders
Business
1 answer:
Romashka [77]2 years ago
7 0

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

You might be interested in
If someone is showing signs of an alcohol overdose, you should:
mixas84 [53]
Call poison control after turning their head to the side so they don't choke on their own spit or vomit and carefully monitor them
3 0
3 years ago
¿Un producto tiene una EPD de 0,73. Qué podemos decir acerca de la Elasticidad de este producto? Explique.
kifflom [539]

Answer:

En este caso, EPD tiene un valor de 0,73, siendo menor que 1. Por lo que la demanda del bien es inelástica y la cantidad demandada aumenta (disminuye) en menor proporción de lo que baja (sube) el precio.

Explanation:

La elasticidad precio de la demanda (EPD) indica en qué medida los cambios en el precio alteran la demanda de productos o servicios concretos. En otras palabras, la elasticidad precio de la demanda señala cuánto varía la cantidad demandada de un bien cuando varía su precio.

Se calcula comparando el valor porcentual del cambio en el precio con el del correspondiente cambio en la demanda. Es decir, se define como el cambio porcentual en la cantidad demandada dividido por el cambio porcentual en el precio.

Si la EPD > 1, se dice que la demanda del bien es elástica y la cantidad demandada aumenta (disminuye) en mayor proporción en que baja (sube) el precio.  La cantidad demandada aumenta (disminuye) en mayor proporción en que baja (sube) el precio.

Si la EPD < 1, se dice que la demanda del bien es inelástica y la cantidad demandada aumenta (disminuye) en menor proporción de lo que baja (sube) el precio. La demanda de un bien es inelástica cuando la reacción de los consumidores ante un cambio en el precio no es significativa.

Si la EPD = 1, se dice que la demanda del bien tiene elasticidad unitaria y la cantidad demandada aumenta (disminuye) en la misma proporción en que baja (sube) el precio.

<u><em>En este caso, EPD tiene un valor de 0,73, siendo menor que 1. Por lo que la demanda del bien es inelástica y la cantidad demandada aumenta (disminuye) en menor proporción de lo que baja (sube) el precio. </em></u>

4 0
2 years ago
Nine subjects, 87 to 96 years old, were given 8 weeks of progressive resistance weight training. strength before and after train
Serga [27]

Answer:

11.611 +/- 3.013

Explanation:

3     3.5     4       6        7          8        8.5        12.5       15

7      17      19      12       19       22       28         20         28

difference

4      13.5    15     6       12        14        19.5        7.5         13

mean = 11.611

the standard deviation ⇒ 7.611² + 1.889² + 3.389² + 5.611² + 0.389² + 2.389² - 7.889² + 4.111² + 1.389² = 57.927 + 3.568 + 11.485 + 31.483 + 0.151 + 5.707 + 62.236 + 16.9 + 1.929 = 191.386/9 = √21.265 = 4.611

standard deviation = 4.611  1.918

confidence interval = mean +/- [(standard deviation/√9) x 1.96]

11.611 + [(4.611/3) x 1.96] = 11.611 + 3.013

11.611 - [(4.611/3) x 1.96] = 11.611 - 3.013

4 0
2 years ago
Einstein Company is preparing its cash budget for the upcoming month. The beginning cash balance for the month is expected to be
sveta [45]

Answer:

$29,000

Explanation:

Calculation would be as follows:

Particular                                   Amount ($)

Beginning Cash                          10,000

Add: Cash Receipt                      85,000

Less: Cash Disbursement          (66,000)

Cash Available                            29,000

Hence, the cash available over disbursement for the month would be $29,000.

3 0
2 years ago
An organization has considered its sales channels, its customer service requirements, and its operating model. Also it has analy
yan [13]

According to Michael Porter :

  • A sales channel is a strategy employed by a producer to market goods or services to final consumers. Depending on how things are delivered to customers, sales channels can be direct or indirect. With the aim of closing the sale, these channels can be platforms (online or offline), people, or partners.
  • A further perspective is that a sales channel is a source of income for a manufacturer that facilitates the sale of goods or services.
  • A business can sell its goods and services through direct channels like these.
  • Kiosks: These are self-service points where customers may make purchases and payments. Display rooms.
  • Sales staff, which the business employs to sell its goods to clients and customers.
<h2>What are the principles of a sales organization?</h2>

A sales organization is built on a few key organizational tenets that are closely related to the tenets of the entire business. These principles act like software, directing and regulating the organization's efficient operation. Principles assist the organization in pursuing its objectives and investigating market prospects.

<h3>What standards should a successful sales organization meet?</h3>

The management should be aware of the requirements for creating a successful sales organization before one is created. These are listed below:

1. The functions of the sales department should be clearly defined by the sales organization, and the activities of the salespeople and their superiors should be planned and coordinated in a logical manner.

Learn more about sales organization at :

brainly.com/question/12978625?referrer=searchResults

#SPJ4

3 0
2 years ago
Other questions:
  • A taco company is losing business to a new restaurant down the road. To try to gain business back, the taco company launches an
    5·1 answer
  • All of the following are ways that you as a teen or young adult can improve your credit score EXCEPT...
    8·1 answer
  • A cartel​ _______. A. is a group of firms acting together to limit​ output, raise​ price, and increase economic profit B. is a s
    7·1 answer
  • Due to the decrease in the level of water in the lakes of Chapel Hill, the local government wants to reduce the consumption of t
    8·1 answer
  • The primary purpose of the legal reserve requirement is toa. Prevent banks from hoarding too much vault cash.b. Provide a means
    13·1 answer
  • Preferred Stock Valuation Farley Inc. has perpetual preferred stock outstanding that sells for $30 a share and pays a dividend o
    6·1 answer
  • If your gross pay is $1500 each pay period, and you are paid semimonthly, what is your yearly gross pay?
    9·1 answer
  • Paid rupees 500 for office rent in cash<br><br>​
    12·2 answers
  • Although monetary policy cannot reduce the natural rate of unemployment, other types of government policies can. a. True b. Fals
    12·1 answer
  • A Giffen good is a good for which price and quantity demanded are positively related. A Giffen good arises when:_______.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!