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    Exam 15: Making Decisions With Uncertainty
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    ​Four Possibilities Have Probabilities 0
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​Four Possibilities Have Probabilities 0

Question 49

Question 49

Multiple Choice

​Four possibilities have probabilities 0.4,0.2,0.2 and 0.2 and values $10,$20,$30,and $40 respectively.The expected value is:


A) ​$22
B) $24
C) $26
D) ​$28

Correct Answer:

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