will bid, but he assumes for planning purposes that the amount bid by each competitor will be uniformly distributed between $100,000 and $150,000. obtain the property using a bid of $130,000 ? Round your answer to 1 decimal place. Enter your answer as a percent. X% b. How much does Strassel need to bid to be assured of obtaining the property? $ What is the profit associated with this bid? $ recommended bid, and what is the expected profit? A bid of results in the largest mean profit of $ x