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You have the following 2 situations: Situation 1: and Situation 2: Which of the below statements is correct? Situation 2 is better because it has

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You have the following 2 situations: Situation 1: and Situation 2: Which of the below statements is correct? Situation 2 is better because it has lower expected loss. Situation 1 has less risk. Situation 2 has less risk. Situation 1 is better because it has lower expected loss

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