​Four Possibilities Have Probabilities 0

question 1

Multiple Choice

​Four possibilities have probabilities 0.4,0.2,0.2 and 0.2 and values $40,$30,$20,and $10 respectively.The expected value is:

• A)​$22
• B)$24
• C)$26
• D)​$28

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Definitions:

Contractor

A person or company that undertakes a contract to provide materials or labor to perform a service or do a job.

Billings

The total amount of business conducted or billed to clients over a particular period, often used in professional firms.

Construction Inventory

Goods and materials held by a company for use in the production or construction of projects, not yet completed or sold.

Balance Sheet

A financial statement that summarizes a company’s assets, liabilities, and shareholders’ equity at a specific point in time, offering a snapshot of its financial position.