For this​ problem, use the fact that the expected value of an event is a probability weighted​ average, the sum of each

[answerhappygod]

For this​ problem, use the fact that the expected value of anevent is a probability weighted​ average, the sum of each probableoutcome multiplied by the probability of the event occurring.You are in the market for a used car. At a used car​ lot, you knowthat the blue book value for the cars you are looking at is between​$14,000 and ​$18,000. If you believe the dealer knows more aboutthe cars than​ you, how much are you willing to​ pay? Assume thatyou care only about the expected value of the car you buy and thatthe car values are symmetrically distributed. You are willing to pay ​$ enter your response here.​(Round