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ABC Construction Company desires to calculate the optimum markup (for bidding) against competitor A. Let R= bA/c, where bA = competitor A's bid and c

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ABC Construction Company desires to calculate the optimum markup (for bidding) against competitor A. Let R= bA/c, where bA = competitor A's bid and c = ABC Company's estimate of construction cost. The bidding history of competitor A is given below:

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R Number of Times R

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