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Having been injured while trying to use his rotary lawn mower as a snowblower, a consumer has sued the company and is offered the chance to settle out of court. If the case goes to trial, the jury could award him either nothing or a large amount in damages.

Construct a payoff table for this consumer, including probabilities and payoff amounts that you feel might be realistic.

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Statistics and Probability, Statistics

Category:- Statistics and Probability
Reference No.:- M92219671

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