Use the Following to Answer Question

Use the following to answer question:
Table 14.7
Benefit Payout
Probability of Payout
-$2 million
0.3
1 million
0.4
4 million
0.3
-(Table 14.7) What is the expected value of the benefit payout?

A) $1.33 million
B) $1 million
C) $2.2 million
D) $2.5 million