5 people can claim joint ownership of an item and intend to divide it by the method of sealed bids. The winner offers a bid of $8,000, how much will that bidder need to put into a kitty for the other bidders to be compensated?

An estate is left to two children, Lenore and Raven, and consists of one item, a ski chalet. The bids by the children are shown in the following table.    Lenore Raven Chalet $400,000 $700,000 Use the Knaster inheritance procedure to divide the estate based on the bids of the two children. Determine the value of n,  n − 1 n ,  and  1 n .   How much is left in the escrow account after the losing child is credited with her portion?   What is the total amount received by the losing child?   What final amount must the winning child pay?

In the Cash Now lottery game there are 14 finalists who submitted entry tickets on time. From these 14 tickets, three grand prize winners will be drawn. The first prize is one million dollars, the second prize is one hundred thousand dollars, and the third prize is ten thousand dollars. Determine the total number of different ways in which the winners can be drawn. (Assume that the tickets are not replaced after they are drawn.)

Bob and Tom are graduating and are no longer going to be roommates, but they both want to keep the dog they adopted. Using the Method of Sealed Bids, Bob bids $285 and Tom bids $433 for the dog. Since Tom's bid is higher, he gets the dog. How much will he have to pay Bob in order to keep the division fair?

Players A, B, C, and D are dividing an estate using the Method of Sealed Bids. There are three indivisible items to allocate.   A B C D Item #1 $470 $500 $530 $490 Item #2 $300 $320 $290 $310 Item #3 $430 $380 $380 $400 A fair share to player B is worth at least       ["600","400", "300", "200"]  . Player       ["A", "B", "C", "D"]  gets Item #1. Player       ["A", "B", "C", "D"]  gets Item #2. Player       ["A", "B", "C", "D"]  gets Item #3. After the kitty has been divided, player A gets       ["no items", "item #1", "item #2", "item #3", "more than one item"]  and       ["pays $110", "pays $130", "gains $35", "gains $130"]  .

A hurricane caused $185,000 in damages to a building owned by Dreamscape Landscaping. The building was insured by several carriers for a total of $420,000 and all coinsurance requirements were met. If Erie Insurance Group is providing $84,000 of the total coverage, what is their share of the loss (in $)? $ Need Help? Read It Watch It Master It

Three hungry pirates, Ahab, Bluebeard, and Hook, were stranded on a desert island. They came upon a treasure chest, which they immediately opened. To their joy, they found it to be full of pretzels! Immediately they each ate 10, then they decided they should save the rest for later. That night, after the others had fallen asleep, Ahab crept to the treasure chest and opened it. He separated the pretzels into 3 equal piles. There was 1 extra pretzel, which he gave to a passing monkey. Then he stole one of the 3 equal piles of pretzels, put the rest back into the chest, and went back to camp. A short time later Bluebeard sneaked over to the chest. He separated the pretzels into four equal piles (he wasn’t quite as greedy as Ahab). There were 2 extra pretzels, which he gave to a passing monkey. He then stole one of the four piles and put the rest back into the chest. Still later Hook went to the chest and separated the pretzels into five equal piles. There were 3 left over, which he gave…

To raise money for the local Veterans Affairs hospital, your friend organizes a fundraiser, inviting you to play a two-stage game where you pay $8 to play. The game works as follows: a fair 8-sided die is rolled, noting the number shown, and a spinner divided into 4 equal regions of different colors (blue, red, green, orange) is spun, noting the color. If the die shows 3 or the spinner shows orange, then you win $21. If the die shows an even number and the spinner does not show orange, then you win $9. Otherwise, you do not win anything. Let X be your net winnings. (a) Create a probability distribution for X. Enter the possible values of X in ascending order from left to right. All probabilities should be exact. X       P(X)         (b) Compute your expected net winnings for the game. Round your answer to the nearest cent. $    (c) Is this game fair? Yes No

Evaluate the problem below: Evaluate: E-3 (2k - 1) k=D3 A 45 40 100 65

5 people can claim joint ownership of an item and intend to divide it by the Method of Sealed Bids. The winner offers a bid of $51,000 how much will that bidder need to put into a kitty for the other bidders to be compensated?