First, the distribution from the previous round appeared roughly symmetrical, so we estimated both the median and mean at the midpoint.
In the last round:
⦁ Profit range was approximately 9685 to 10500
⦁ (Since exact numbers weren’t available, we used 10500 as placeholder)
First-level logic:
⦁ Median = (9685 + 10500)/2 = 9867.5
⦁ Settlement price = (9685 + 9867.5)/2 = 9776.25
Second-level logic:
⦁ New profit range = 9776.25 to 9867.5
⦁ Median = (9776.25 + 9867.5)/2 = 9821.875
⦁ Settlement price = (9776.25 + 9821.875)/2 ≈ 9799
Therefore, I’ll place my bid around 9822 this round.
