Scenario 5.2:
Randy and Samantha are shopping for new cars (one each). Randy expects to pay $15,000 with 1/5 probability and $20,000 with 4/5 probability. Samantha expects to pay $12,000 with 1/4 probability and $20,000 with 3/4 probability.
-Refer to Scenario 5.2. Samantha's expected expense for her car is:
A) $20,000.
B) $19,000.
C) $18,000.
D) $17,500.
E) $15,000.

Question

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The Answer of Scenario 5.2:
Randy and Samantha are shopping for new cars (one each). Randy expects to pay $15,000 with 1/5 probability and $20,000 with 4/5 probability. Samantha expects to pay $12,000 with 1/4 probability and $20,000 with 3/4 probability.
-Refer to Scenario 5.2. Samantha's expected expense for her car is:
A) $20,000.
B) $19,000.
C) $18,000.
D) $17,500.
E) $15,000.

Scenario 5.2: Randy and Samantha Are Shopping for New Cars (One Each)