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13-10-2022
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jack strong has $50,000 of wealth. he is participating in a jujitsu competition. the prize is $10,000. he is guaranteed to win it (he has black belt) unless he breaks his arm. if his arm is broken, he will lose the tournament and he will have to pay $5,000 in medical expenses. jack thinks that the probability of him breaking his arm during a tournament is 5 p

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