You are evaluating job possibilities. After a good deal of research, you feel there is a 10% chance of landing a job that pays $75,000, a 20% chance of paying $60,000, a 50% chance of paying $55,000, and a 20% chance of paying $40,000. What is your expected salary?

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The Answer of You are evaluating job possibilities. After a good deal of research, you feel there is a 10% chance of landing a job that pays $75,000, a 20% chance of paying $60,000, a 50% chance of paying $55,000, and a 20% chance of paying $40,000. What is your expected salary?

You Are Evaluating Job Possibilities