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QUESTION 12 Suppose that there is a gamble that will yield two possible outcomes: There is a 20% chance for the gamble to pay you

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QUESTION 12 Suppose that there is a gamble that will yield two possible outcomes: There is a 20% chance for the gamble to pay you $100, and there is 80% chance for it to pay you $0 What is the actuarial value of the gamble? 0 a. $15 O b. $10 Oc. $20 d. $0 Oe.$5

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