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Mairoon Mairoon
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6 years ago
On any given day, a salesman can earn $0 with a 20% probability, $100 with a 40% probability, or $300 with a 20% probability. His expected earnings equal
A) $0.
B) $100 because that is the most likely outcome.
C) $100 because that is what he will earn on average.
D) $200 because that is what he will earn on average.
Textbook 
Microeconomics

Microeconomics


Edition: 6th
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TecShdwTecShdw
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#1
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6 years ago
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Mairoon Author
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6 years ago
Thanks for your help!!
fxinternational
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Yesterday
This site is awesome
dedricgard
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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