Strassel Investors buys real estate, develops it, and resells it for a profit. A new property is available, and Bud Strassel, the president owner of Strassel Investors, believes if he purchases and develops this property it can then be sold for $165000. The current property owner has asked for bids and stated that the property will be sold for the highest bid in excess of $100000. Two competitors will be submitting bids for the property. Strassel does not know what the competitors will bid, but he assumes for planning purposes that the amount bid by each competitor will be uniformly distributed between $100000 and $150000. a. Develop a worksheet that can be used to simulate the bids made by the two competitors. Strassel is considering a bid of $130000 the property. Using a simulation of 1000 trials, what is the estimate of the probability Strassel will be able to obtain the property us a bid of $130000? Round your answer to 1 decimal place. Enter your answer as a percent. 24.2 X % b. How much does Strassel need to bid to be assured of obtaining the property? $ 150,000 V What is the profit associated with this bid? $ 15,000 V c. Use the simulation model to compute the profit for each trial of the simulation run. With maximization of profit as Strassel's objecti use simulation to evaluate Strassel's bid alternatives of $130000, $140000, or $150000. What is the recommended bid, and what i expected profit? A bid of $140000 results in the largest mean profit of $ 10,000 x .

Q: Where is Yc

A:

Q: Complete the description of how to transform the graph of f(x) = x2 to obtain the graph of the…

A:

Q: Round 0.29 to the nearest tenth.

A: Using , round up if number is greater than or equal to 5 and round down if it is less than 5,

Q: What is the missing x value

A: According to the information provided in the question, BOX1 contains four balls numbered 0, 0, 1, 3…

Q: 8 mi P 4 mi

A:

Q: Evaluate ∫ csc24x dx

A:

Q: I. %3D

A:

Q: 5 Find xy dydx.

A:

Q: -1 = tanO/2

A: over

Q: +00 el/x dx x2 1

A:

Q: Find x.

A: Sum of exterior angle of a polygon is 360°.

Q: 19

A:

Q: C a If a = 16 andc = 23, find b to the nearest hundredth.

A: Given triangle is :   a=16c=23 To find the value of b

Q: Oa- zat! 2. 10

A:

Q: Find the area of the shaded region

A:

Q: t.7 The Do t Predect

A: It is given that, 17u→=5i+2j                   v→=i-j and  w→=3i-7jwe have to find the value of…

Q: is pi being divided by 4

A: Let's solve.

Q: r dz dr de.

A:

Q: Find dy and

A: Given, y = x1/2 Generally, for y = xn We have, dy/dx = n ( xn-1)  Similarly we can obtain answer for…

Q: Find x. Round the nearest tenth.

A:

Q: find the value of x round to the nearest tenth

A:

Q: 0.60 can be written as

A: 0.60 can be written as, 60/100 = 3/5 So, 0.60 can be written as 3/5

Q: đ = , 5 = , = , d = Find č ·b

A: Answer

Q: -2 and their images under the given transformation T. Describe geometrically what T does to each 4…

A: We need to find  the functional value of at u and v

Q: dx

A:

Q: what is the X value? please

A: Given information:n=25 sample size

Q: j + 28.6 = 43

A:

Q: variation

A: