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princessksh8
22.05.2020 •
Business
Strassel Investors buys real estate, develops it, and resells it for a profit. A new property is available, and Bud Strassel, the president and 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.
Develop a worksheet that can be used to simulate the bids made by the two competitors. Strassel is considering a bid of $130000 for the property. Using a simulation of 1000 trials, what is the estimate of the probability Strassel will be able to obtain the property using a bid of $130000? Round your answer to 1 decimal place. Enter your answer as a percent.
%
How much does Strassel need to bid to be assured of obtaining the property?
$
What is the profit associated with this bid?
$
Use the simulation model to compute the profit for each trial of the simulation run. With maximization of profit as Strassel’s objective, use simulation to evaluate Strassel’s bid alternatives of $130000, $140000, or $150000. What is the recommended bid, and what is the expected profit?
A bid of $140000 results in the largest mean profit of $ .
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Ответ:
Animal Farm is an allegory for the Russian Revolution and life in the Soviet Union. The story includes many characters and ideas that represent people and events from Soviet history. One example is Napoleon, a character that represents Joseph Stalin. Like his historical counterpart, Napoleon rises to power, and then becomes corrupted by that power. He drives Snowball off the farm and into exile, which is similar to what Stalin did to Trotsky. He also oppresses the other animals, much like Stalin oppressed the people of the Soviet Union.
Explanation:
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