(b) How moch doen stractil need to bid to be ansured d cbinine the property? 5127,000 5137,000 5141,000 nearest folm ) wipeted prete fer a bis of \$127,000 expected prafit tor a bid of \$137,000 evoected orefl for a bid of \$147,000 What is the recommended tha? $127,000 $137,000 5147,000 1 Strassel Parameters Selling Price Competitor A Bid Competitar B Bid \begin{tabular}{l} Competitor Bids (Uniform) \\ Minimum Value \\ Maximum Value \\ \hline \end{tabular} Model Strassel Bid Simulation Trial Competitor A Bid Competitor B Bid \begin{tabular}{l} 1 \\ 2 \\ 3 \\ 4 \\ 5 \\ 6 \\ 7 \\ \hline \end{tabular} \begin{tabular}{|l|l|l|l|} \hline Winning Bid & Winning Contractor Profit & Summary Statistics \\ \hline & P(Strassel Win) & HDIV/01 \\ \hline & Mean Profit & HDIV/0I \\ \hline \end{tabular}