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Schalarship A is worth 51000 and costs 510 to zpply. Scholarship B is worth $5000 and costs $25 to apply. You have 2 5% chance
Schalarship A is worth 51000 and costs 510 to zpply. Scholarship B is worth $5000 and costs $25 to apply. You have 2 5% chance of receiving Scholarship & and 2 2% chance of receiving the Scholarship B. {a) What is your expected value for Scholarship A7 3 (b} What is your expected value for Scholarship B? s {c) You can anly zpply for one scholarship, Which one should you choose? O Scholarship A ) Schalarship B
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