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Assuming a Uniform Distribution of Purchase Offers Between $100,000 and $200,000,the

Question 43

Multiple Choice

Assuming a uniform distribution of purchase offers between $100,000 and $200,000,the expected maximum offer from 9 potential buyers is _____.

A) $150,000
B) $160,000
C) $188,888
D) $180,000
E) $190,000

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