There Are Five Risk-Neutral Bidders,each Having a Private Value That

question 34

Multiple Choice

There are five risk-neutral bidders,each having a private value that is independently drawn from the range $60 thousand to $120 thousand with all values in between equally likely.The respective expected revenues (in thousand $) from the English [E(PE) ] and sealed-bid [E(PS) ] auctions would be:

• A)E(P_E)= $100 and E(P_S)= $110.
• B)E(P_E)= E(P_S)= $96.
• C)E(P_E)= E(P_S)= $100.
• D)E(P_E)= $96 and E(P_S)= $108.
• E)E(P_E)= E(P_S)= $110.

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Definitions:

SSB

Sugar-sweetened beverages, which are drinks that contain added sugars and are often linked to various health issues.

SST

In the context of statistics, typically refers to the total sum of squares in an ANOVA test, measuring the total variation in the data.

Factorial Research Design

An experimental setup that involves studying the effects of multiple factors and their interactions on a response variable.

Null Hypothesis

A statement positing no difference or no effect, which researchers aim to test against the alternative hypothesis.