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Probability- Decision making 2

Which of the following 3 games of chance should you play?1. Draw a card from a standard deck. If it is an ace, you win $5; if it is red, you win $1 ( a red ace wins $6); anything else, you lose $2...

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Probability- Decision making

There is a 0.25 probability that the temperature will drop below freezing, and Best Orange Company has to decide on whether or not to fire up its smudge pots to protect its $9500 crop investment....