On Any Given Day,a Salesman Can Earn $0 with a 20

question 67

Multiple Choice

On any given day,a salesman can earn $0 with a 20% probability,$100 with a 40% probability,or $300 with a 20% probability.His expected earnings equal

• A) $0.
• B) $100 because that is the most likely outcome.
• C) $100 because that is what he will earn on average.
• D) $200 because that is what he will earn on average.

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Definitions:

Technology

Inventions or innovations from applied science or engineering research.

Applied Science

The discipline of applying existing scientific knowledge to develop more practical applications, such as technology or inventions.

Engineering Research

The systematic inquiry aimed at discovering new knowledge or applying existing knowledge in a new way, particularly in the field of engineering.

Internet of Things

The network of physical objects embedded with sensors, software, and other technologies for the purpose of connecting and exchanging data with other devices and systems over the internet.