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Business, 19.10.2019 03:20 hwhite41

Suppose you have a farm. you need to decide whether to buy water, which costs $375. if it rains you will produce crops $1,600 regardless of whether you water the plants. if it does not rain you will produce crops worth $1,600 if you buy water, and only $1,024 if you do not. if there is a 50% chance of rain, should you buy water?

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