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Refer to the Following Table Showing the Probability Distribution of Payoffs

Question 39

Multiple Choice

Refer to the following table showing the probability distribution of payoffs from an activity.
 Units  Payaff  Prabability 1$3010%24025%36030%45020%51015%\begin{array} { c c c } \text { Units } & \text { Payaff } & \text { Prabability } \\\hline 1 & \$ 30 & 10 \% \\2 & 40 & 25 \% \\3 & 60 & 30 \% \\4 & 50 & 20 \% \\5 & 10 & 15 \%\end{array}
-What is the expected value?


A) 16.5
B) 28
C) 36.5
D) 42.5
E) 49

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