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Mathematics 8 Online
OpenStudy (anonymous):

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.

OpenStudy (anonymous):

Oh thanks

OpenStudy (jaydenthequiet):

No problem

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