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What is the expected value given payoffs of 300, 200 and 400 with probabilities of 0.3, 0.5 and 0.2, respectively? Select one: O a. 270

What is the expected value given payoffs of 300, 200 and 400 with probabilities of 0.3, 0.5 and 0.2, respectively? Select one: O a. 270 O b. 300 O c. 325 O d. 250

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