Mathematics, 14.10.2019 11:20 mikurrjurdan
An auction website charges $1 for a bid. the bidding starts at 1¢ and goes up 1¢ at a time. a television that is worth $2000 is won, on average, with a bid of $160. you make one bid at random.
find the expected value of the outcome of the bid.
Answers: 1
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An auction website charges $1 for a bid. the bidding starts at 1¢ and goes up 1¢ at a time. a televi...
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