32 Select the correct answer. Two teams, A and B, are about to play a game. Previous records show that A has an 80% chance of winning, while B has a 20% of winning. Spectators can either choose to buy...

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32<br>Select the correct answer.<br>Two teams, A and B, are about to play a game. Previous records show that A has an 80% chance of winning, while B has a 20% of winning.<br>Spectators can either choose to buy regular tickets or special tickets. A spectator with a special ticket will receive a refund of $2 if team A wins<br>and a refund of $5 if team B wins. How much extra, minimally, should the special ticket cost to cover the expected value of the refunds offered?<br>O A.<br>$16.00<br>OB.<br>$2.60<br>Oc.<br>$26.00<br>OD.<br>$3.00<br>O E. $10<br>

Extracted text: 32 Select the correct answer. Two teams, A and B, are about to play a game. Previous records show that A has an 80% chance of winning, while B has a 20% of winning. Spectators can either choose to buy regular tickets or special tickets. A spectator with a special ticket will receive a refund of $2 if team A wins and a refund of $5 if team B wins. How much extra, minimally, should the special ticket cost to cover the expected value of the refunds offered? O A. $16.00 OB. $2.60 Oc. $26.00 OD. $3.00 O E. $10

Jun 04, 2022

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32 Select the correct answer. Two teams, A and B, are about to play a game. Previous records show that A has an 80% chance of winning, while B has a 20% of winning. Spectators can either choose to buy...

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