Strassel Parameters Selling Price Competitor A Bid Competitor B Bid \begin{tabular}{|l|l|} \hline Competitor Bids (Uniform) & \\ \hline Minimum Value & $100,000 \\ \hline Maximum Value & \\ \hline \end{tabular} Model Strassel Bid listributed between $100,000 and $149,000. (a) What is the estimate of the probability Strassel will be able to obtain the property using a bid of $129,000 ? (Use at least 5,000 trials. Round your answer three decimal places.) (b) How much does Strassel need to bid to be assured of obtaining the property? $129,000 $139,000 $149,000 What is the expected profit (in dollars) for each bid alternative? (Use at least 5,000 trials. Round your answers to the nearest dollar.) expected profit for a bid of $129,000 expected profit for a bid of $139,000 expected profit for a bid of $149,000 What is the recommended bid? $129,000 $139,000 $149,000 Strassel Parameters Selling Price Competitor A Bid Competitor B Bid \begin{tabular}{|l|l|} \hline Competitor Bids (Uniform) & \\ \hline Minimum Value & $100,000 \\ \hline Maximum Value & \\ \hline \end{tabular} Model Strassel Bid listributed between $100,000 and $149,000. (a) What is the estimate of the probability Strassel will be able to obtain the property using a bid of $129,000 ? (Use at least 5,000 trials. Round your answer three decimal places.) (b) How much does Strassel need to bid to be assured of obtaining the property? $129,000 $139,000 $149,000 What is the expected profit (in dollars) for each bid alternative? (Use at least 5,000 trials. Round your answers to the nearest dollar.) expected profit for a bid of $129,000 expected profit for a bid of $139,000 expected profit for a bid of $149,000 What is the recommended bid? $129,000 $139,000 $149,000