2. You have selected five prices which you feel might be the average price for lean market hogs next year. You asked a classmate to do the same. Here are the lists you came up with: Market Hogs You Your classmate (per cwt.) $40 47 45 50 50 56 54 63 61 $44 a. Who has the greatest range of expected prices? (show range for both) You: $ classmate: $ b. Calculate the simple average for each set of prices. How do they compare? You: $ classmate: $ c. Assign your own subjective probabilities to each price on your list, remembering that the probabilities must equal 1.00. Compare them. Price Probability $44 47 50 56 63 d. Calculate the expected value for each set of prices and compare them. e. not? Would you expect everyone in the class to have the same set of prices and subjective probabilities? Why or why