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Tony's bookstore has been doing very well lately and he has decided to open a second location. Tony estimates the distribution of his earnings from

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Tony's bookstore has been doing very well lately and he has decided to open a second location. Tony estimates the distribution of his earnings from each location will be as follows: Probability: 30% 40% 30% Location 1 $60,000 $40,000 $30,000 Location 2 $60.000 $30.000 $20,000 What is the expected value of Tony's earnings from Location 1

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