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You think that your chance of getting a well - paid job in an investment bank is about 2 8 per cent. If you get

You think that your chance of getting a well-paid job in an investment bank is about 28 per cent. If you get the
job you will have a starting salary of $72,000 per year. However, if you don't make the cut then you will work at a
fast food outlet for $40,000 per year. What is your expected starting salary? (to the nearest dollar)
a. $72000
b. $63040
c. $48960
d. $40000
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