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Joe Is Contemplating a Job Where, with Probability 0

Question 4

Multiple Choice

Joe is contemplating a job where, with probability 0.6, he will make $100,000 and with probability 0.4 he will make $30,000. What is Joe's expected income from taking the job?


A) $12,000
B) $60,000
C) $72,000
D) $90,000

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