If a plaintiff believes there is a 30 percent chance they will win $200,000, a 40 percent chance they will win 100,000, and a 30 percent chance they will win nothing (zero) , and the litigation cost is $50,000, what is the expected value of the litigation for the plaintiff?
A) $60,000
B) $125,000
C) $50,000
D) $100,000
Correct Answer:
Verified
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