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5 point) Francine is preparing for a meeting with her boss about a pay raise. She is quite good at her job but is not
5 point) Francine is preparing for a meeting with her boss about a pay raise. She is quite good at her job but is not 100% sure she will get the raise she wants. She will request an increase of $5,000 but believes that the probability of getting the full $5,000 is just 25%. She believes there is a 25% probability that her boss will counter with a $3,000 raise and a 25% probability that her boss will offer a $1,000 raise. Finally, there is a 25% probability that she will receive no increase in salary. What is the expected value of the outcome of her meeting? $2,250 $9,000 $6,750 $3,000 Given th earning \text(Exp $50,000 Let's calc Expect Expecte Expecte Now, we
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