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need answers asap Part A: Consider the following probability distribution of a lottery prizes X ($) with p(x) as the corresponding probability of each prize

need answers asap

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Part A: Consider the following probability distribution of a lottery prizes X ($) with p(x) as the corresponding probability of each prize amount. 1. Find the missing probability, Pr(X = 50), in the table below, 2. The expected value of the prize from this lottery is E(X) = 4 3. The absolute risk involved in this lottery is Risk(X) = X=X p(x) -20 0.25 0 0.5 20 0.15 50 0.08 100 0.02 Part B: Now suppose that there is another lottery such that Y = 3.2 + 1.2X. 1. The expected value of the prize from this lottery Y is, E(Y) = 2. The absolute risk involved in this lottery is Risk(Y) = 3. Lottery X is than Lottery Y. less riskier Please answer a more riskier

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