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Speedy Steve is a traveling salesman. Steve's income is $900 each week, but if Steve is caughtspeeding while making his rounds, he will receive a
Speedy Steve is a traveling salesman. Steve's income is $900 each week, but if Steve is caughtspeeding while making his rounds, he will receive a hefty fine. Thereis a 40% chance he will be caught speeding in any given week and pay afine of $500.What is Steve's expected income?
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