You are given the opportunity to play two different lotteries at no cost. The first...
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You are given the opportunity to play two different lotteries at no cost. The first lottery is a 50/50 chance of winning $150 or losing $100. With the second one, you win $54 with probability 2/3, and lose $64 with probability 1/3. Which lottery should you choose? Why? Explain your answer. Your explanation determines your grade Edit View Insert Format Tools Table 12pt Paragraph BI VA 2 TYS
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