Using the file LandSharkBeta, evaluate bid amounts from $1,229,000 to $1,329,000 in increments of $20,000 by building
Question:
Using the file LandSharkBeta, evaluate bid amounts from $1,229,000 to $1,329,000 in increments of $20,000 by building a table listing 95% confidence intervals around the average return and probability of winning the auction. Which of these bid amounts do you recommend?
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A bid amount of 1309000 appears to maximize the ex...View the full answer
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Related Book For 
Essentials Of Business Analytics
ISBN: 9781337406420
3rd Edition
Authors: Jeffrey D. Camm, James J. Cochran, Michael J. Fry, Jeffrey W. Ohlmann, David R. Anderson, Dennis J. Sweeney, Thomas A. Williams
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