What would be the expected monetary value for the following data using the probability method?
$$\begin{array} { c r }
\text { Probability } & \text { Cash Inflows } \
\hline 0.20 & \$ 100000 \
0.30 & \$ 80000 \
0.15 & \$ 60000 \
0.35 & \$ 0
\end{array}$$

Question

What would be the expected monetary value for the following data using the probability method?
$$\begin{array} { c r } 
\text { Probability } & \text { Cash Inflows } \
\hline 0.20 & \$ 100000 \
0.30 & \$ 80000 \
0.15 & \$ 60000 \
0.35 & \$ 0
\end{array}$$

Quizplus · Accepted Answer

$$ \text{Expected Monetary Value} = (0.20 \times \$100,000) + (0.30 \times \$80,000) + (0.15 \times \$60,000) + (0.35 \times \$0) = \$53,000. $$

What Would Be the Expected Monetary Value for the Following