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Frank is considering moving to Denver. There is a 90 percent chance that he will find a job that pays $4,000 more than what he
Frank is considering moving to Denver. There is a 90 percent chance that he will find a job that pays $4,000 more than what he currently earns and a 10 percent chance he will find one that pays $5,000 less. The expected value of moving to Denver is
Select one:
a. $500.
b. $3,600.
c. $3,100.
d. $6,200.
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