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Greg is indifferent between receiving ( $ 2,000 ), and taking a chance at ( $ 2,500 ) with probability 0.7 and losing ( $
Greg is indifferent between receiving \( \$ 2,000 \), and taking a chance at \( \$ 2,500 \) with probability 0.7 and losing \( \$ 1200 \) with probability 0.5 . What is the expected value of this gamb
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