Question: C. Assume that you are putting a computer up for an auction, timed to be the final auction out of 10 to end on a

 C. Assume that you are putting a computer up for an
auction, timed to be the final auction out of 10 to end

C. Assume that you are putting a computer up for an auction, timed to be the final auction out of 10 to end on a Thursday. If there are 8 bids, what is the expected winning bid price of this auction? Construct an approximate 95% prediction interval for the winning bid price. Expected winning bid price Lower bound Upper bound

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