Assume That You Assign the Following Subjective Probabilities for Your

Multiple Choice

Assume that you assign the following subjective probabilities for your final grade in your econometrics course (the standard GPA scale of 4 = A to 0 = F applies) : $$\begin{array} { | c | c | } \hline \text { Grade } & \text { Robability } \\\hline \text { A } & 0.20 \\\hline \text { B } & 0.50 \\\hline \text { C } & 0.20 \\\hline \text { D } & 0.0 B \\\hline \text { F } & 0.02 \\\hline\end{array}$$ The expected value is:

A) 3.0
B) 3.5
C) 2.78
D) 3.25