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If There Is a 50% Probability That Joseph Will Earn

Question 156

Multiple Choice

If there is a 50% probability that Joseph will earn $10 per hour at his job today and a 50% probability that he will earn $20 per hour today,his expected pay per hour is:


A) $10.00.
B) $12.50.
C) $15.00.
D) $20.00.

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