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    Microeconomics Study Set 49
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    Exam 15: Risk and Information
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    Use the Following Probability Distribution for a Lottery to Answer
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Use the Following Probability Distribution for a Lottery to Answer

Question 28

Question 28

Multiple Choice

Use the following probability distribution for a lottery to answer this question. Use the following probability distribution for a lottery to answer this question.   -Given the probability distribution for the lottery above, what is the expected value of this lottery? A) $83 B) $71 C) $68 D) $65
-Given the probability distribution for the lottery above, what is the expected value of this lottery?


A) $83
B) $71
C) $68
D) $65

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