Explain your reasoning; show all work.
Friday, March 21, 2014
PAGING DR. EVIL: There were, after last check, only viable sixteen entries remaining in the Warren Buffett Billion Dollar Bracket Challenge (now none), which raises a pretty fantastic question: suppose it's the Final Four, so you're now three games away from $1,000,000,000.00. Given that you've mathematically got a 1-in-8 shot to win it, in theory $125 million would be a fair offer for Buffett to buy you out. Suppose Buffett instead offers you $25 million, or less? How low would you go in accepting an offer?
Explain your reasoning; show all work.
Explain your reasoning; show all work.
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