Question 10 10 pts Prospect X = ($4, 0.05; $16, 0.24 ; $30, 0.05; $38, p) What is the expected value of prospect X? (Hin

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Question 10 10 Pts Prospect X 4 0 05 16 0 24 30 0 05 38 P What Is The Expected Value Of Prospect X Hin 1 (25.87 KiB) Viewed 35 times

Question 10 10 pts Prospect X = ($4, 0.05; $16, 0.24 ; $30, 0.05; $38, p) What is the expected value of prospect X? (Hint 1: To answer this question, you'll need to first determine the value of "p"). (Hint 2: To determine "p", remember that probabilities sum to 1). (Note: The answer may not be a whole number; please round to the nearest hundredth) (Note: The numbers may change between questions, so read carefully)