Prospect Y = ($1, 0.25 ; $195, 0.75) What is the expected value of Prospect Y? (Note: The answer may not be a whole numb

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answerhappygod
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Prospect Y = ($1, 0.25 ; $195, 0.75) What is the expected value of Prospect Y? (Note: The answer may not be a whole numb

Post by answerhappygod »

Prospect Y = ($1, 0.25 ; $195, 0.75)
What is the expected value of Prospect Y?
(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)
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