Will fan and medal!
An auction website charges $1 for a bid. The bidding starts at 1¢ and goes up 1¢ at a time. A television that is worth $2000 is won, on average, with a bid of $160. You make one bid at random.
Find the expected value of the outcome of the bid. (Write as an exact decimal, with a negative sign, if necessary.)
Expected Value: $

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thats correct but I must say it looks a lot like the yahoo answer for the same question

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