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The Above Table Provides the Possible Prices for a Bushel

Question 1

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The above table provides the possible prices for a bushel of corn next year along with the associated probabilities (in percent) . -Refer to the table above. If these are the only three price options for a bushel of corn, what is the expected value of the price of a bushel of corn? A) $2.50 B) $2.78 C) $3.00 D) $2.25 The above table provides the possible prices for a bushel of corn next year along with the associated probabilities (in percent) .
-Refer to the table above. If these are the only three price options for a bushel of corn, what is the expected value of the price of a bushel of corn?


A) $2.50
B) $2.78
C) $3.00
D) $2.25

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