You need to divide 6 by 4/5.
6÷4/5
6 x 5/4
30/4
7 2/4 = 7 1/2 answer
Answer:
b. $28
Step-by-step explanation:
We have these following probabilities:
0.4 = 40% probability of $40
0.2 = 20% probability of $30
0.2 = 20% probability of $20
0.2 = 20% probability of $10
The expected value is:
We multiply each value by its probability. So
So the correct answer is:
b. $28
Hello!
I believe the answer is C.
I hope it helps!