Frank is considering moving to Calgary.There is a 70% chance that he will find a job that pays $1,000 more than what he currently earns and a 30% chance he will find one that pays $3000 less.The expected value of moving to Calgary is
A) -$200.
B) $200.
C) $700.
D) $900.
E) $1,000.
Correct Answer:
Verified
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