Use the Following Probability Distribution for a Lottery to Answer

question 28

Multiple Choice

Use the following probability distribution for a lottery to answer this question.
-Given the probability distribution for the lottery above, what is the expected value of this lottery?

• A)$83
• B)$71
• C)$68
• D)$65

---

Definitions:

Common Area Costs

Expenses associated with the maintenance and repair of shared spaces in a property, often divided among tenants or owners.

Floor Area

The total square footage of all floors within a building, including any basements or mezzanines.

Prorated Basis

An adjustment made based on dividing something proportionally, such as payments or charges, over a specified period.

Profit-Sharing Bonus

A type of incentive given to employees, typically as part of their compensation package, where they receive a share of the company's profits.