Question

Suppose that an antique jewellery dealer is interested in purchasing a gold necklace for which the probabilities are 0.22, 0.36, 0.28, and 0.14, respectively, that she will be able to sell it for a profit of $250, sell it for a profit of $150, break even, or sell it for a loss of $150. What is her expected profit?

Answer 1

Answer:

Step-by-step explanation:

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Answer 2

Answer: 88

Step-by-step explanation: