September 2023 There is an example problem just like this one in the book
2024 Fair Shares Assignment Help
There is an example problem just like this one in the book 2023
There is an example problem just like this one in the book. So, it’s a good idea to read the book before starting this assignment. The question is not asking about what you think is fair until the very end. The rest should be done by following the example. http://media.pearsoncmg.com/cmg/pmmg_mml_shared/mathstats_html_ebooks/PirnotMathAllAround4e/index.html In this module, we are also learning about apportionment. Some students struggle with knowing how to find a modified divisor. You can always start with the standard divisor. If your apportionment is too large, you need smaller quotas and a larger modified divisor. If your apportionment is too small, you need a smaller modified divisor. How much larger/smaller should this be than the standard divisor? It should be “a little” larger/smaller. Increase or decrease by small amounts until you achieve the desired outcome. This could take some trial and error, so be patient. There is no magic formula to arriving at this answer any sooner. The Center City Anuraphilic (frog lovers) society has fallen on hard times. Abraham, Bobby and Charlene are the only remaining members and each feels equally entitled to take possession of the society’s collection of live rare tropical frogs. The decision is made to use the method of sealed bids and fair shares to decide who will take possession of the entire collection and how much will be paid in compensation to the other members. Abraham unseals his estimate of the value of the collection at $12,000.00. Bobby’s estimate of the value of the collection is $6,000.00. Charlene values the collection at $9,000.00. Who receives the collection of frogs? What is each person’s fair share of the monetary value of the collection? Why is the monetary amount of each fair share different? How much money is owed to each of the two people who do not “win” the collection of frogs? In your opinion how “Fair” is the process described above? Now pretending for a moment that you like frogs, we will insert you into the situation under special circumstances. Despite (or perhaps because of) your love of all things amphibious, you currently lack the funds to pay each of the others their probable fair share. You will not receive the collection, but wish to receive as much money as possible. You have no knowledge of the amounts in each of the sealed bids, but strongly suspect that Abraham will bid between $10,000.00 and $12,000.00. Given that you cannot afford to “win” the process, describe how you will go about deciding what to put down for your own estimate of the value of the collection.
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