nothing38 nothing38
  • 26-02-2024
  • SAT
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4. Rick wants to sell his car to Bill who owns a used car dealership. Bill determines that the probabilities of him reselling the car for $2000, $2500, or $3000 are .26, .64, and .10 respectively. How much should Bill pay Rick if he wants his expected profit to be $500? ​

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