Multiple Choice
Frank is considering moving to Denver. There is a 70 percent chance that he will find a job that pays $1,000 more than what he currently earns and a 30 percent chance he will find one that pays $3,000 less. The expected value of moving to Denver is:
A) -$200.
B) $200.
C) $700.
D) $900.
Correct Answer:
Verified
Correct Answer:
Verified
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