Multiple Choice
Suppose that you are looking at to buy a used car and the value of that car is either $5000 or $10,000 with equal probability. If you cannot determine the true value of the car what is the maximum price you will offer?
A) $10,000
B) $7500
C) $5000
D) $6000
Correct Answer:
Verified
Correct Answer:
Verified
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