Math Problem Statement
As part of an inheritance, three children, Abby, Ben and Carla, are dividing four vehicles using Sealed Bids. Their bids (in thousands of dollars) for each item is shown below.
Abby Ben Carla
Motorcycle 11 10 7 Car 8 14 13 Tractor 6 3 4 Boat 6 3 5 In the final allocation, Abby gets which items? (click none, one, or multiple boxes)
Motorcycle Car Tractor Boat In addition, she Select an answer to/from the estate: $
Give your answer to the last question to the nearest dollar (careful here - the original amounts were in thousands of dollars)
Solution
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Math Problem Analysis
Mathematical Concepts
Fair Division
Sealed Bids Method
Proportionality
Division of Assets
Formulas
Fair Share = Total Bids / Number of Participants
Estate Adjustment = Fair Share - Value of Items Received
Theorems
Fair Division Theorem
Equitability in Sealed Bids
Suitable Grade Level
Grades 9-12
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