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(Solution Library) Poisson Random Variable: Suppose that during the regular baseball season, the Miami Marlins hit an average of 2 home runs per game. During the

Question: Poisson Random Variable: Suppose that during the regular baseball season, the Miami Marlins hit an average of 2 home runs per game. During the post-season, the Miami Marlins hit an average of 2.25 home runs per game. Suppose you lose $25 if the Marlins score zero home runs and win $X if they score at least one home run.

  1. Compute the minimum value of X so that you would accept this bet during a regular-season baseball game.
  2. Compute the minimum value of X so that you would accept this bet during a post-season baseball game.

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