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    Managerial Economics Study Set 1
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    Exam 15: Making Decisions With Uncertainty
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    ​Six Possibilities Are Equally Likely and Have Payoffs of $2,$4,$6,$8,$10,and
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​Six Possibilities Are Equally Likely and Have Payoffs of $2,$4,$6,$8,$10,and

Question 61

Question 61

Multiple Choice

​Six possibilities are equally likely and have payoffs of $2,$4,$6,$8,$10,and $12.The expected value is:


A) ​$4
B) $5
C) $6
D) ​$7

Correct Answer:

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