Question: Greg is indifferent between receiving ( $ 2,000 ), and taking a chance at ( $ 2,500 ) with probability 0.7 and losing ( $

$Greg is indifferent between receiving $ \$ 2,000 $, and taking$

Greg is indifferent between receiving $ \$ 2,000 $, and taking a chance at $ \$ 2,500 $ with probability 0.7 and losing $ \$ 1200 $ with probability 0.5 . What is the expected value of this gamb $a chance at $ \$ 2,500 $ with probability 0.7 and losing$

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