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An opportunity has a 70% chance of earning you $11,000 and a 30% chance of earning you $48,000. What is the EMV? $11,000 $48,000 $36,900

An opportunity has a 70% chance of earning you $11,000 and a 30% chance of earning you $48,000. What is the EMV? $11,000 $48,000 $36,900 $22,100

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