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You think that your chance of getting a well-paid job in an investment bank is about 7 percent. If you get the job you will

You think that your chance of getting a well-paid job in an investment bank is about 7 percent. If you get the job you will have a starting salary of $79,000 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) Select one: a. $42730 b. $76270 c. $79000 d. $40000

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