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Mathematics 6 Online
OpenStudy (anonymous):

A CD has a 5% chance of being a smash hit and profiting $5.2 million, a 50% chance of being a modest success and profiting $0.9 million, and a 45% chance of being a flop and breaking even. What is the expected value of the CD? a) $305,000 b) $500,000 c) $710,000 d) $915,000

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