Mathematics
Mathematics, 13.01.2020 07:31, crowdedallys5385

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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 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. (write as an exact decimal, with a negative sign, if necessary.)

expected value: $

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an auction website charges $1 for a bid. the bidding sta...

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