{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

Estrada10.19 - Maintenance Time Shortest time 10 Longest...

Info icon This preview shows pages 1–9. Sign up to view the full content.

View Full Document Right Arrow Icon
Maintenance Time Shortest time 10 Longest Time 18 Trial Time 1 12.13 2 14.17 99 15.84 100 16.24 AVG 14.02
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Dealer Hand Player Hand Bound Bound Probability Lower Upper Value of Hand Probability Lower Upper 0.17 0 0.17 17 0.08 0 0.08 0.11 0.17 0.27 18 0.08 0.08 0.15 0.11 0.27 0.38 19 0.08 0.15 0.23 0.1 0.38 0.48 20 0.08 0.23 0.31 0.1 0.48 0.58 21 0.08 0.31 0.38 0.42 0.58 1 0 0.62 0.38 1 Trial Random # Value Wins Trial Random # Value 1 0.16 17 0 1 0.84 0 2 0.33 19 0 2 0.95 0 99 0.3 19 0 99 0.72 0 100 0.59 0 0 100 0.91 0 Player W 26
Image of page 2
Value of Hand 17 18 19 20 21 0
Image of page 3

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Price per Share Lowest Price Change -0.08 Highest Price Change 0.12 Bookway 100 Trial Quarter Change Price per Share Trial Change 1 0.06 84.83 1 0.03 2 0.06 85 2 0.06 3 -0.04 76.8 3 0.03 4 0.1 88.08 4 0.06 5 0.07 85.4 5 0 6 0.02 81.85 6 -0.03 7 0.01 80.9 7 0.07 8 0.1 87.61 8 0.09 99 -0.04 100 -0.02 AVG
Image of page 4
Price per Share 82.43 84.44 82.35 84.96 79.83 77.9 85.8 86.85 76.95 78.1 82.75
Image of page 5

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Bid Amount A. 36.90% Lowest Bid $100,000 Highest Bid $150,000 C. $150,000=$10,000 Strassel Bid $130,000 Trial Bid Amount Bid Amount If Bid < 130 1 $103,663 $113,117 2 2 $108,059 $112,782 2 3 $107,437 $122,443 2 4 $103,895 $134,415 1 999 $115,222 $100,935 2 1000 $131,051 $116,698 1 Sum he gets bid 378 Probability 37.8% Average $124,491 $124,009 SD $14,384 $14,306
Image of page 6
B. $150,000 for 100% probability Profit=$10,000 Competitors If Bid < 140 If Bid < 150 2 2 2 2 2 2 2 2 2 2 2 2 667 1000 66.7% 100.0%
Image of page 7

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Contractor A Contractor B Bid Amount Bid Amount Low $600,000 Mean $700,000 High $800,000 SD $50,000 Trial
Image of page 8
Image of page 9
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern