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3) You are considering a sales job that pays you on a commission basis or a salaried position that pays you $50,000 per year. Historical

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3) You are considering a sales job that pays you on a commission basis or a salaried position that pays you $50,000 per year. Historical data suggests the following probability distribution for your commission income. Which job has the higher expected income? Commission $15,000 $35,000 $48,000 $67,000 $80,000 Probability of Occurrence 15 .20 .35 .22 .18 A) The salary of $50,000 is greater than the expected commission of $A49,630. B) The salary of $50,000 is greater than the expected commission of $48,400. C) The salary of $50,000 is less than the expected commission of $50,050. D) The salary of $50,000 is less than the expected commission of $52,720 21) How does opportunity cost affect an investor's required rate of return? (5) 3) You are considering a sales job that pays you on a commission basis or a salaried position that pays you $50,000 per year. Historical data suggests the following probability distribution for your commission income. Which job has the higher expected income? Commission $15,000 $35,000 $48,000 $67,000 $80,000 Probability of Occurrence 15 .20 .35 .22 .18 A) The salary of $50,000 is greater than the expected commission of $A49,630. B) The salary of $50,000 is greater than the expected commission of $48,400. C) The salary of $50,000 is less than the expected commission of $50,050. D) The salary of $50,000 is less than the expected commission of $52,720 21) How does opportunity cost affect an investor's required rate of return

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