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Suppose we are interested in bidding on a piece of land and we know one other bidder is interested. the seller announced that the highest bid in excess of $9,500 will be accepted. assume that the competitor's bid x is a random variable that is uniformly distributed between $9,500 and $15,500. suppose you bid $12,000. what is the probability that your bid will be accepted?
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How might a recent college graduate's investment portfolio differ from someone who is near retirement
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someone is retiring next year. what would be an appropriate amount of risk to take with their invest...
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