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May someone help me on this

May someone help me on this
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5 votes
May someone help me on this

May someone help me on this-example-1
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User Cosyn
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8.0k points

1 Answer

3 votes
Expectation = Sum of (item * Probability)

Expectation in this case:

$0*0.70 + $20000*0.16 + $40000*0.07 + $60000*0.05 + $80000*0.01 + $100000*0.01 = $ 10800
answered
User Alberto Alvarez
by
7.9k points
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