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# Expected Value of Discrete Random Variable

STATS-OYVXMV

The investment outcomes and corresponding probabilities for an oil well you own are:

x = the outcome in \$p(x) -40,000 (no oil) 0.25 10,000 (some oil) 0.70 70,000 (much oil) 0.05 What is the expected monetary outcome from your oil well? A$-\$500$

B

$\$500$C$\$10,000$

D

$\$0.00\$