You are in the market for a used car.  At a used car lot, you know the blue book value for the type of cars that you are looking at range from $40k to $50k.  If you believe the dealer knows as much as you do about the cars as you do, what are you willing to pay in $s assuming the car values are symmetrically distributed?

Trigonometry (MindTap Course List)
10th Edition
ISBN:9781337278461
Author:Ron Larson
Publisher:Ron Larson
ChapterP: Prerequisites
SectionP.3: The Cartesian Plane And Graphs Of Equations
Problem 7ECP
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You are in the market for a used car.  At a used car lot, you know the blue book value for the type of cars that you are looking at range from $40k to $50k.  If you believe the dealer knows as much as you do about the cars as you do, what are you willing to pay in $s assuming the car values are symmetrically distributed? 

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