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Old 11-21-2005, 12:27 AM
REL18 REL18 is offline
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Join Date: Sep 2004
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Default Probability #1

In the process of cleaning out her closet, Susie found a book that she would like to sell. She has been offered $50 by a friend who would like to buy the book. However, after doing some research, she found out that if she sells it on E-bay she would have a 50% chance of getting $100, a 25% chance of getting $50 and a 25% chance of getting $10. There is a fee of $5 to sell the book on E-bay. Assume that Susie gets no benefit from helping her friend.
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