Interview Query

Scalped Ticket

Have you seen this question before?

One of your favorite sports teams is playing at a local stadium, but you waited until the last minute to buy a ticket.

You can buy a scalped (second-hand) ticket for $50\$50, which has a 20% chance of not working. If the scalped ticket doesn’t work, you’ll have to buy a box office ticket for $70\$70 at the stadium.

  1. How much do you expect to pay to go to the sports game?
  2. How much money should you set aside for the game?
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