Please answer in an understandable format:

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$($a$)$ What is the estimate of the probability Strassel will be able to obtain the property using a bid of $$127,000?($Use at least $5,000$ trials. Round your answer three decimal places.$)$

$($No Response$)$

$($b$)$ How much does Strassel need to bid to be assured of obtaining the property?

least $5,000$ trials. Round your answers to the nearest dollar.$)$

expected profit for a bid of $$127,000$

expected profit for a bid of $$137,000$

expected profit for a bid of $$147,000$

What is the recommended bid?

$$127,000$

$($ $$137,000$

$$147,000$

$ $($No Response$)$

$$($No Response$)$

$ $($No Response$)$