It would be 55.97
To find this you find what 20% of 69.96 is and subtract that number from 69.96 (in this case that number would be 13.99) So you would find your answer of 55.97
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
V = 60 as the triangle is looking like a equilateral triangle
Answer:
100,000,000
Step-by-step explanation:
10^6= in this case, just add 5 zeros to the 10. each zero multiplies the number by 10
1000000 books
10^2 pages per book- 100 pages
1,000,000 x 100= 100,000,000
(4) -2 = 2 + v/4 (4)
-8 = 2 + v
-2 -2
V = -10
