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fin038
General information
| Question text: | There’s a 50/50 chance that Jay’s old car will need repair in the next year, which will cost him $800. Also, in the next year, there is a 10% chance that Jay will need to replace the carpeting in his home and basement which will cost him $3,000. Which poses the greater expected cost to Jay? |
| Answer type: | Radio buttons |
| Answer options: | 1 The car repair 2 The carpeting replacement 3 There is no way to tell in advance 98 Don’t know |
| Label: | greater expected cost: car vs carpeting |
| Empty allowed: | One-time warning |
| Error allowed: | Not allowed |
| Multiple instances: | No |