Business, 15.10.2019 02:20, randenbrown1653

Cal has a choice between two gambles. the first gamble offers a 50 percent chance of winning $20 and a 50 percent chance of losing $20. the second gamble offers a 20 percent chance of winning $100 and an 80% chance of losing $20. which choice has the higher expected value?

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Cal has a choice between two gambles. the first gamble offers a 50 percent chance of winning $20 and...