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#2 A project has the following projected outcomes in dollars: $240, $320, and $510. The probabilities of their outcomes are 20%, 55%, and 25%
#2 A project has the following projected outcomes in dollars: $240, $320, and $510. The probabilities of their outcomes are 20%, 55%, and 25% respectively. What is the expected value of these outcomes? Multiple Choice $336.50 $351.50 $396.50 $366.50
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