Multiple Choice
Amanda recently graduated from university,and she has a job offer with uncertain income: there is a 70% probability that she will make $10 000 and a 30% probability that she will make $70 000.The expected value of Amanda's income is:
A) $40 000.
B) $21 000.
C) $28 000.
D) $10 000.
Correct Answer:
Verified
Correct Answer:
Verified
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