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Question 6 25 pts Your instructor could not resist betting for a Formula 1 car racing, as she thinks that she has a good chance
Question 6 25 pts Your instructor could not resist betting for a Formula 1 car racing, as she thinks that she has a good chance of winning cash before Christmas, according to the probability of making money as shown in the table below: Formula 1 race data Car Probability of Winning Outcome of $10 bet 1 0.25 $30 2 0.4 $20 3 0.35 $22 If your instructor decides to bet $10 on each car, what is the total expected value of the three $10 tickets? Is she winning or losing money betting on this
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