Question: Suppose you are going skiing this weekend for the first time. However you are worried about the possobility f breaking you leg during your first
Suppose you are going skiing this weekend for the first time. However you are worried about the possobility f breaking you leg during your first time out. Your alternative is to go to the beach. After thinking about the possibilities, you have decided that you value a weekend of skiing with no mishap at $ and that you value a broken leg at $ Going to the beach instead is worth $ to you. Finally, after talking to other people, you peg the chance of breaking you leg at a in Determine the expected value of the preffered decision alternative.
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