does not know what the competitors will bid, but he assumes for planning purposes that the amount bid by each competitor will be uniformly distributed between $100, 000 and $149,000. (b) How much does Strassel need to bid to be assured of obtaining the property? $129,000$139,000$149,000 expected profit for a bid of $129,000 expected profit for a bid of $139,000 expected profit for a bid of $149,000 What is the recommended bid? $129,000$139,000$149,000 does not know what the competitors will bid, but he assumes for planning purposes that the amount bid by each competitor will be uniformly distributed between $100, 000 and $149,000. (b) How much does Strassel need to bid to be assured of obtaining the property? $129,000$139,000$149,000 expected profit for a bid of $129,000 expected profit for a bid of $139,000 expected profit for a bid of $149,000 What is the recommended bid? $129,000$139,000$149,000