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April 25, 2014

Homework Help: math

Posted by Andrew on Monday, November 19, 2012 at 11:56pm.

A game show contestant is offered the option of receiving a computer system worth $2300 or accepting a chance to win either a luxary vacation worth $5000 ora boat worth $8000.If the second option is chosen the contestant"s probability of winning the vacation or the boat are .20 and .15 respectively
A If the con testant were to turn down the computer system and go for one of the other prizes what would be the expected winnings/

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