Use the following to answer question:
-(Table: Choice with Uncertainty) Use Table: Choice with Uncertainty.Assume that the probability that the sitcom does not make it to television is 60%,the probability that it makes it to television but is not the most viewed show in its time slot is 30%,and the probability that it makes it to television and is the most viewed show in its time slot is 10%.Norman's expected income is:
A) $52,500.
B) $47,500.
C) $40,000.
D) $37,500.
Correct Answer:
Verified
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Q72: In an efficient allocation of risk:
A)all risk
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