Math Problem Statement

Anne​, Bess​, and Cindy are roommates planning to move out of their apartment. They identify five major chores that need to be done before moving out and decide to use the method of sealed bids to reverse auction the chores. The accompanying table shows the bids that each roommate made for each chore. Describe the final outcome of the division​ (which chores are done by each roommate and how much each roommate pays or gets​ paid.) LOADING... Click the icon to view the table of bids. Question content area bottom Part 1 Describe Anne​'s part of the agreement. Select the correct choice below and fill in the answer​ box(es) within your choice. ​(Round to the nearest cent as​ needed.) A. Anne does​ chore(s)    enter your response here and pays ​$    enter your response here. ​(Use a comma to separate answers as​ needed.) B. Anne does no chores and pays ​$    enter your response here. C. Anne does​ chore(s)    enter your response here and gets ​$    enter your response here. ​(Use a comma to separate answers as​ needed.) D. Anne does no chores and gets ​$    enter your response here. Click the icon to view the table of bids.Click the icon to view the table of bids.Click the icon to view the table of bids.Click the icon to view the table of bids.Click the icon to view the table of bids.Click the icon to view the table of bids.) Help me solve this View an example Textbook pop-up content starts Bid Table Anne Bess Cindy Chore 1 ​$33 ​$23 ​$43 Chore 2 ​$13 ​$53 ​$25 Chore 3 ​$23 ​$33 ​$18 Chore 4 ​$23 ​$33 ​$13 Chore 5 ​$43 ​$23 ​$18

Solution

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Math Problem Analysis

Mathematical Concepts

Game Theory
Fair Division
Sealed Bids Method

Formulas

Fair share = Total bids / Number of participants
Payment or compensation = Fair share - Total of bids for assigned chores

Theorems

Reverse Auction
Sealed Bids Allocation

Suitable Grade Level

Grades 10-12