Read the instructions on the coversheet. Try to keep your answers short and clear. There are 2 questions. Each question carries 10 marks. Question 1…
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The following two sets of statements contain common errors. Identify and explain each. Demand increases, causing prices to rise. Higher prices cause…
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You are on the game show “Deal or No Deal”. What is the expected value in dollars for the following set of suitcases if you have an equal probability of ending up with any of them?

$1

$382

$9728

$50000

$898223

** Show work please

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