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Fran Is Considering Moving to Denver

Question 37
Multiple Choice

Fran is considering moving to Denver.There is a 70% chance that he will find a job that pays $1,000 more than what he currently earns and a 30% chance he will find one that pays $3,000 less.The expected value of moving to Denver is A) -$200. B) $200. C) $700. D) $900.

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