A student has 3 cases to study for an exam but limited time. Only one will be on the exam. Option one she can study all three spending an hour on each and earn 12 of 25 points. Option two she can study two of the cases spending one and a half hours on each and earn 20 points. Option three she can study for one spending all three hours on it and if that is the question chosen to be on the exam she could earn the whole 25 points.?
What is her opportunity for loss on each option?
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