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Write a formula that determines whether we get the painting

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Reference no: EM132461079

We are bidding on a valuable painting. The high bid gets the painting. We estimate the painting's value at $10,000. Four companies are bidding against us. It costs $400 to prepare the bid.

Question 1: Write a formula that (given the bids of our four competitors and our bid) determines whether we get the painting.

Using the Excel and IF function.

Reference no: EM132461079

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