Assuming a uniform distribution of purchase offers between $100,000 and $200,000,the expected maximum offer from 9 potential buyers is _____.
A)$150,000
B)$160,000
C)$188,888
D)$180,000
E)$190,000

Question

Quizplus · Accepted Answer

The Answer of Assuming a uniform distribution of purchase offers between $100,000 and $200,000,the expected maximum offer from 9 potential buyers is _____.
A)$150,000
B)$160,000
C)$188,888
D)$180,000
E)$190,000

Assuming a Uniform Distribution of Purchase Offers Between $100,000 and $200,000,the