Find the Expected Value

question 63

Multiple Choice

Find the expected value.
-Mr.Cameron is sponsoring an summer concert.He estimates that he will make $300,000 if it does not rain and make $60,000 if it does rain.The weather bureau predicts the chance of rain is 0.34 for the day of the concert.What are Mr.Cameron's expected concert earning?

• A)$360,000
• B)$60,000
• C)$300,000
• D)$218,400

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Definitions:

Parallel Play

A development stage in early childhood where children play adjacent to each other but do not interact.

Functional Play

A type of play primarily observed in children, characterized by activities that use repetitive muscle movements with or without objects, aiding in physical and cognitive development.

Peers

Individuals who are about the same age or level of maturity.

Liked

The state or condition of being favored, approved, or found agreeable by others, often used in the context of social media interactions.