Business, 17.08.2019 21:10 mahkitheking16

Asa buys a painting. there is a 26% probability that the artist will become famous and the painting will be worth $1000. there is a 18% probability that the painting will be destroyed by fire or some other disaster. if the painting is not destroyed and the artist does not become famous, it will be worth $500. the expected value of the painting is

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Asa buys a painting. there is a 26% probability that the artist will become famous and the painting...

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