1. a. Given the information below on two prospective land uses and their associated probabilities and values, what is the estimated market value based on expected use analysis? What is the expected use? Overall Probability Use Value Distribution of Overall Probability $300,000 $320,000 $340,000 70 20% 30% 20% 30 15 15 b. Under the highest and best use premise, what is the estimated market 12

1. a. Given the information below on two prospective land uses and their associated probabilities and values, what is the estimated market value based on expected use analysis? What is the expected use? Overall Probability Use Value Distribution of Overall Probability $300,000 $320,000 $340,000 70 20% 30% 20% 30 15 15 b. Under the highest and best use premise, what is the estimated market 12

A First Course in Probability (10th Edition)

10th Edition

ISBN:9780134753119

Author:Sheldon Ross

Publisher:Sheldon Ross

Chapter1: Combinatorial Analysis

Section: Chapter Questions

Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...

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