[Solution Library] Suppose a "lemons" car is valued at $2500 and a good car is valued at $5000. If you know that there is a 50% chance of getting each, what
Question:
- Suppose a "lemons" car is valued at $2500 and a good car is valued at $5000. If you know that there is a 50% chance of getting each, what is the expected value of the car?
- What will happen in the market if the price is based on the expected value? Explain.
Deliverable: Word Document 
Solution: Suppose you have hired a new worker, unfortunately
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[Steps Shown] A coin was flipped 60 times and came up heads 38
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Time to Double Your Money Calculator - MathCracker.com