Sometimes a bidder on a work contract may bid lower than
Sometimes, a bidder on a work contract may bid lower than what would maximize his/her profit from the contract and the reason for that is to create goodwill. How would you value the goodwill that is obtained in this way?
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when computing the p-value for a two-tailed hypothesis test we need toa multiply two times the one-tail p-valueb
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sometimes a bidder on a work contract may bid lower than what would maximize hisher profit from the contract and the
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