The FlintstonesMr. Slate from the Bedrock Quarrel and Gravel Company decides in is time to clean house, sohe puts up several items up for bid. He decides to use the sealed bid method and open theprocess to Fred and Wilma Flintstone and Barney and Betty Rubble. Each party places a bid oneach of the items. The table below shows the bids on each item.Betty$45FredWilmaBarneyItem 1$75$58$25Item 2$30$65$70$80$40$55$60$30$55$80Item 3Item 4$20$70Item 5$45$35$50$45I need to find out this asvwersBased on the information in the chart determine which person gets which item along with anycash payouts. Show how you reached your decision and explain how it is an equitable solutionto the problem.

Note that on item 1, the four bids made are of $75, $58, $25, and $45. Among these four, $75 is the…

The Flintstones Mr. Slate from the Bedrock Quarrel and Gravel Company decides in is time to clean house, so he puts up several items up for bid. He decides to use the sealed bid method and open the process to Fred and Wilma Flintstone and Barney and Betty Rubble. Each party places a bid on each of the items. The table below shows the bids on each item. Fred Wilma Barney Betty Item 1 $75 $25 $45 $58 $65 Item 2 $30 $70 $80 $40 $55 Item 3 $60 $30 $55 Item 4 $20 $70 $35 $80 Item 5 $45 $50 $45 I need to find out this aswers Based on the information in the chart determine which person gets which item along with cash payouts. Show how you reached your decision and explain how it is an equitable solution any to the problem.

The Flintstones Mr. Slate from the Bedrock Quarrel and Gravel Company decides in is time to clean house, so he puts up several items up for bid. He decides to use the sealed bid method and open the process to Fred and Wilma Flintstone and Barney and Betty Rubble. Each party places a bid on each of the items. The table below shows the bids on each item. Fred Wilma Barney Betty Item 1 $75 $25 $45 $58 $65 Item 2 $30 $70 $80 $40 $55 Item 3 $60 $30 $55 Item 4 $20 $70 $35 $80 Item 5 $45 $50 $45 I need to find out this aswers Based on the information in the chart determine which person gets which item along with cash payouts. Show how you reached your decision and explain how it is an equitable solution any to the problem.

Advanced Engineering Mathematics

10th Edition

ISBN:9780470458365

Author:Erwin Kreyszig

Publisher:Erwin Kreyszig

Chapter2: Second-order Linear Odes

Section: Chapter Questions

Problem 1RQ

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Concept explainers

Estimation

A new framework of data analysis where the new statistical methods are used for interpreting the results and analyzing the data is known as estimation in statistics.

Question

The Flintstones
Mr. Slate from the Bedrock Quarrel and Gravel Company decides in is time to clean house, so
he puts up several items up for bid. He decides to use the sealed bid method and open the
process to Fred and Wilma Flintstone and Barney and Betty Rubble. Each party places a bid on
each of the items. The table below shows the bids on each item.
Betty
$45
Fred
Wilma
Barney
Item 1
$75
$58
$25
Item 2
$30
$65
$70
$80
$40
$55
$60
$30
$55
$80
Item 3
Item 4
$20
$70
Item 5
$45
$35
$50
$45
I need to find out this asvwers
Based on the information in the chart determine which person gets which item along with any
cash payouts. Show how you reached your decision and explain how it is an equitable solution
to the problem.

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