3 years ago

May someone help me on this

1 answer:

8 0

Expectation = Sum of (item * Probability)

Expectation in this case:

$0*0.70 + $20000*0.16 + $40000*0.07 + $60000*0.05 + $80000*0.01 + $100000*0.01 = $ 10800

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