A chance node on a decision tree has four possible outcomes worth $10,000, $20,000, $30,000 and minus $100,000 respectively.The probabilities of these outcomes occurring are assessed
as 10%, 25%, 50% and 15% correspondingly.What is the expected value of this chance node?

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The Answer of A chance node on a decision tree has four possible outcomes worth $10,000, $20,000, $30,000 and minus $100,000 respectively.The probabilities of these outcomes occurring are assessed
as 10%, 25%, 50% and 15% correspondingly.What is the expected value of this chance node?

A Chance Node on a Decision Tree Has Four Possible