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Assuming a Uniform Distribution of Offers Between $100,000 and $175,000,what

Question 21

Multiple Choice

Assuming a uniform distribution of offers between $100,000 and $175,000,what would be the maximum expected price from nine potential buyers?

A) $125,000
B) $137,500
C) $155,000
D) $167,500
E) $175,000

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