There is a car auction. the price of the car is uniform [0,1000], you do not know the actual value of the car. if you bid higher than the value of the car you get it, if you bid lower than the value of the car you don’t. if you know you can sell it on afterwards for x times its worth, what should you should you bid when: x=1.5 (e. g. for x=1.5, you bid 100, the car is worth 80, you get it and sell it on for 120, which is a 20 profit).

You shouldn't bid for this type of car.

Explanation:

In the bidding process, you can only get the car if your bid is higher than the value of the car. Therefore,if 'n' represents the value of the car, the payoff will be equivalent to (1.5)n-x. And we know that n is also equal to 0.5x. Thus, the expected payoff for any bid will be approximately:

(1.5)*0.5x - x = 0.75x - x = -0.25x or -0.25*bid

Therefore, the best option is not to bid for this type of car.

soothing tone) but quickly, the tone changes from a light tone to a grim one. by introducing disturbing word choices that are illogical.make a list of some of levertov’s images of war from both of her poems. how do her wordsaffect you? do you agree with her position on war? write a short response (at least 100 words) and support your answer with personal experience or your studiespoets can change the tone in a poem, and levertov does when the she refers to "delicate man . .whose eyes/are flowers that perceive the stars”. the word choices here are different. theimages began to show feelings of hope/potential. but this mood is interrupted with the dark oppressive words "entrails of still-alive babies" and "carcass-gulleys". levertov continues to switch tones by "the deep intelligence living at peace would have"—one is left with a sense of hope. i can connect with her words that humans can do better things than fight in war. we only have one life so dying in a war would be for no reason. also, i am a christian and in the bible, it says "thou shall not kill", and i strongly believe in that.people respond differently to satire—some like it, others don't get it. in at least 150 words, describe what you think of goines's narrative essay. discuss whether you think his position is convincing.the satire kept people's attention, rather than just rambling. instead of being dead serious, he adds humor to enlighten it. i think he did a good job of proving his point, but convincing people to stray from their own beliefs is hard, and satire can be offensive to that person. overall i think that goines's narrative essay was good because narrative essay create deeper understanding. i also like that the narrative essay is in first-person. the essay was filled with diction and word choice to let you know that the essay is going to be witty yet satirical. his point was to write  

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