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QUESTION 6 On any givenday, a salesman can earn$0 with a40% probability,$100 with a40% probability, or$300 with a20% probability. His expected earnings equal Part 2

QUESTION 6

On any givenday, a salesman can earn$0 with a40% probability,$100 with a40% probability, or$300 with a20% probability. His expected earnings equal

Part 2

  1. $100 because that is what he will earn on average.

B. $0.

C. $200 because that is what he will earn on average.

D. $100 because that is the most likely outcome.

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