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

Question 28

Question 28

Multiple Choice

​Three possibilities have probabilities 0.5,0.4 and 0.1 and values $10,$20,and $30 respectively.The expected value is:


A) ​$15
B) $16
C) $17
D) ​$18

Correct Answer:

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