Question: Please help me to solve this problem and please explain me the steps how it is solvedin details? Suppose it costs $2,500 to buy a
Please help me to solve this problem and please explain me the steps how it is solvedin details?
Suppose it costs $2,500 to buy a defibrillator.Find theexpected value of owning a defibrillatorif there is a 4% probability that Frontier Gym will lose a lawsuit regarding its operation, with each lawsuit resulting in Frontier Gym being liable in the amount of $1,000,000.
Please explain should I add the cost $2500 or subtract and why?
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