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:
Rachel earns per hour is $ 13.64 .
Step-by-step explanation:
As given
Rachel earned $85.25 for working 
hours.
i.e
Rachel earned $85.25 for working 
hours.
Now calculate earning of Rachel for 1 hour .
Therefore Rachel earns per hour is $ 13.64 .
Answer:
A) D + Q = 50
B) .10D + .25Q = 7.10
We multiply A) by -.10
A) -.10D - .10Q = -5 then adding this to B)
B) .10D + .25Q = 7.10
.15Q = 2.10
Quarters = 14 = 3.50
Dimes = 36 = 3.60
Step-by-step explanation:
The 2nd one I think brainlest me I was first
