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talo_rk talo_rk
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6 years ago
Assume that you assign the following subjective probabilities for your final grade in your econometrics course (the standard GPA scale of 4 = A to 0 = F applies): Grade Probability A 0.20 B 0.50 C 0.20 D 0.08 F 0.02 The expected value is:
 
  A) 3.0
  B) 3.5
  C) 2.78
  D) 3.25
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jrodriguez16jrodriguez16
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6 years ago
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This site is awesome
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