Question: Please solve Part A (b) How much does Strassel need to bid to be assured of obtaining the property? $123,000 $133,000 $143,000 expected profit for

Please solve Part A

(b) How much does Strassel need to bid to be assured of obtaining the property? $123,000 $133,000 $143,000 expected profit for a bid of $123,000$ expected profit for a bid of $133,000$ expected profit for a bid of $143,000$ What is the recommended bid

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