2. Wallace figures his chances of getting a new car for graduation at 70% if he graduates as class valedictorian. He only has about a 25% chance of getting a new car if he graduates 2nd or lower. He estimates his chances of being valedictorian at 50/50. What is the likelihood that Wallace will get a new car? 3. What kind of probability did Wallace use in determining his odds? a. Classical b. Empirical c. Subjective