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Studies have concluded that a college degree is a very good investment. Suppose that a college graduate earns about 79% more money per hour than

Studies have concluded that a college degree is a very good investment. Suppose that a college graduate earns about 79% more money per hour than a high- school graduate. If the lifetime earnings of a high-school graduate average $31.100,000, what is the expected value of earning a college degree?

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