At an oral auction for a chafing dish half of all bidders
Expected Oral Auction Price with Two Bidders
At an oral auction for a chafing dish, half of all bidders have a value of $160 and half have a value of $120. What is the expected winning bid if there are two bidders?
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expected oral auction price with two biddersat an oral auction for a chafing dish half of all bidders have a value of
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