(X)=2X-ALL real numbers except x=0x<_0
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
X - 32 = 68 - 4x
+32 +4x + 32 +4x
____________
5x = 100
--- -----
5 5
x = 20
Answer:
x=8
Step-by-step explanation:
3x/4=6
3x=4*6
3x=24
x=24/3
x=8
hope this helps!
Answer:
B. 13 pt
Step-by-step explanation:
There are 2 pints in 1 quart
2×6 1/2=13
Hope this helps! :)
