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roommates now, consider the following bids according to three people sp…

Question

roommates
now, consider the following bids according to three people splitting a washer and
dryer.

2
fill in the blank 2 points
who has the highest total bid?
what is stanleys fair share?

Explanation:

Step1: Calculate total bids

For Patrick: Washer ($300$) + Dryer ($400$) = $300 + 400=\$700$
For Kevin: Washer ($600$) + Dryer ($500$) = $600 + 500=\$1100$
For Stanley: Washer ($200$) + Dryer ($400$) = $200+400=\$600$

Step2: Determine highest bid

Compare $700$, $1100$, and $600$. Since $1100>700>600$, Kevin has the highest total bid.

Step3: Calculate Stanley's fair - share

The fair - share formula for a two - item split among $n = 3$ people is $\frac{\text{Total value of items Stanley bid on}}{n}$. Stanley bid on a washer ($200$) and a dryer ($400$). The total value of items he bid on is $200 + 400=\$600$. Then his fair - share is $\frac{600}{3}=\$200$

Answer:

Who has the highest total bid? Kevin
What is Stanley's fair - share? $200$