Plz Correct answer for D

I. [6.68110 Points] DETAILS PREVIOUS ANSWERS ASWSBE14 6.E.007. MY NOTES | ASK YOUR TEACHER PRACTICE ANOTHER Suppose we are interested in bidding on a piece of land and we know one other bidder is interested. The seller announced that the highest bid in excess of $10,000 will be accepted. Assume that the competitor's bid x is a random variable that is uniformly distributed between $10,000 and $15,000. (a) Suppose you bid $12,000. What is the probability that your bid will be accepted? -~' (b) Suppose you bid $14,000. What is the probability that your bid will be aocepted? -v (c) What amount should you bid in dollars to maximize the probability that you get the property? $- (d) Suppose you know someone who is willing to pay you $16,000 for the property. What is the expected prot in dollars if you bid the amount given in part (c)? $-x Find a bid in dollars which produces a greater expected prot than bidding the amount given in part (c). (If an answer does not exist, enter DNE.) 5%: Would you consider bidding less than the amount in part (c)? Why or why not? 0 Yes. There is a bid which gives a greater expected prot than the bid given in part (c), and thus a higher expected prot is possible with a bid smaller than the amount in part (c). O No. The bid which maximizes the expected prot is the amount given in part (c), thus it does not make sense to place a smaller bid