You and three other people are to place bids for an object, with the high bid winning. if you win, you plan to sell the object immediately for 10 thousand dollars. how much should you bid to maximize your expected profit if you believe that the bids of the others can be regarded as being independent and uniformly distributed between 7 and 11 thousand dollars?

How did shays' rebellion reveal the need for a revision of the articles of confederation? a) shays' rebellion exposed the weakness of the central government as written in the articles of confederation. b) shays' rebellion strengthened the ideas of the anti-federalists in the need for a strong national government. c) shays' rebellion illustrated the need for organized local government factions to handle situations such as this. d) shays' rebellion encouraged others to rebel and eventually led to the overthrow of the first established government in the united states.