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What is the Expected payoff from the below: 10% Chance of 1,000,000 30% Chance of 500,000 60% Chance of -300,000 a. -180,000 b. 180,000 c.
What is the Expected payoff from the below: 10% Chance of 1,000,000 30% Chance of 500,000 60% Chance of -300,000 a. -180,000 b. 180,000 c. 10,000 d. 220,000 e. 70,000
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