On any given day we know a salesman can earn $0 with a 40% probability,$100 with a 20% probability or $300 with 40% probability.His expected earnings equal
A) $0.
B) $140.
C) $300.
D) It cannot be determined from the available information.

Name: On any given day we know a salesman can earn $0 with a 40% probability,$100 with a 20% probability or $300 with 40% probability.His expected earnings equal A) $0. B) $140. C) $300. D) It cannot be determined from the available information.
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Question

Quizplus · Accepted Answer

The Answer is B

On Any Given Day We Know a Salesman Can Earn