04 Independent private values model 5 Points Suppose that N buyers in an auction have valuations distributed uniform(0, 1). Furthermore, suppose that a single buyer has a valuation v = 0.9. Round answers to 2 decimals. 04.1 1 Point If N = 5, then what is the probability that 'U = 0.9 is the highest valuation in the sample? Enter your answer here Save Answer 04.2 1 Point For N = 5, if 'v = 0.9 were the highest value in the sample, what would be the expected value of the second-highest value in the sample? Enter your answer here Save Answer 04.3 1 Point If N = 12, then what is the probability that 'U = 0.9 is the highest valuation in the sample? Enter your answer here Save Answer 04.4 1 Point For N = 12, if 'U = 0.9 were the highest value in the sample, what would be the expected value of the second-highest value in the sample? Enter your answer here Save Answer 04.5 1 Point As N increases from 5 to 12, what happens to the probability that a buyer with valuation v = 0.9 will have the highest valuation? Enter your answer here