Adriana wants to try working as an independent contractor this summer. She has a 50 percent chance that she will make $9,000 and 50 percent chance that she will make nothing. What's Adriana's expected income?
A) $4,000
B) $4,500
C) $2,000
D) $3,000

Question

Quizplus · Accepted Answer

The expected income is calculated by multiplying each outcome by its probability and summing the results: (0.5 * $9,000) + (0.5 * $0) = $4,500.

Adriana Wants to Try Working as an Independent Contractor This