2. 5 people can claim joint owner Enter your search term lend to divide it by the Method of Sealed Bids. TheWoksheet 14A WorkshNibrary.csn.edu/sites/default/files/2020-05/1.4.pdfE DgeA Read aloud V DrawY Highlight1. 4 people can claim joint ownership of an item and intend to divide it by the Method of Sealed Bids. Thewinner offers a bid of $4,000, how much will that bidder need to put into a kitty for the other bidders tobe compensated?winner offers a bid of $8,000, how much will that bidder need to put into a kitty for the other bidders tobe compensated?3. Barry and Allen are moving and are no longer going to be roommates. They need to decide who will getthe LCD TV they purchased together. Using the Method of Sealed Bids, Barry bids $500 and Allen bids$350 for the set. Since Barry's bid is higher, he gets the TV, and has to compensate Allen with cash. Howmuch will he have to pay Allen in order to keep the division fair?4. Mike and Sophie are splitting up and need to decide who will get the car they purchased together. Usingthe Method of Sealed Bids, Mike bids $5000 and Sophie bids $4500 for the car. Since Mike's bid is higher,he gets the car, and has to compensate Sophie with cash. How much will he have to pay Sophie in orderto keep the division fair?79°F ClearרDELL

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Answered: 1. 4 people can claim joint ownership…

College Algebra

1st Edition

ISBN:9781938168383

Author:Jay Abramson

Publisher:Jay Abramson

Chapter9: Sequences, Probability And Counting Theory

Section: Chapter Questions

Problem 18PT: To allocate annual bonuses, a manager must choose his top four employees and rank them first to...

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1. 4 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 $4,000, how much will that bidder need to put into a kitty for the other bidders to be compensated?