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You Took a Summer Job as a Salesperson in a Shoe

Question 163

Multiple Choice

You took a summer job as a salesperson in a shoe store with the knowledge that you will either make $2,000 or $3,500 with probabilities 0.4 and 0.6 respectively. What is your expected income for the summer job?


A) $2,000
B) $3,000
C) $5,000
D) $2,900

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