EXERCISE #2: Assuming that you are a RISK TAKER. For the following choose one of the 2 options by circling either a) or b). In addition, calculate the expected value (EV) and briefly explain the logic of your choice. 3. a) $50,000 OR ) 100 coin flips each of which has a 50% chance of $900 (Heads) ii) 50% chance of $125 (Tails) EV = $ NOTE: you should use the binomial calculator to assess the probability of the 100 coin flips exceeding $50,000. If you achieve 49 or more "Heads" you will exceed $50,000