If There Is a 50% Probability That Joseph Will Earn

question 156

Multiple Choice

If there is a 50% probability that Joseph will earn $10 per hour at his job today and a 50% probability that he will earn $20 per hour today,his expected pay per hour is:

• A)$10.00.
• B)$12.50.
• C)$15.00.
• D)$20.00.

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Definitions:

Flexibility

Flexibility refers to the ability of an entity, process, or system to adapt to changes, alter course, or respond effectively to different or unexpected situations.

Type Of Traffic

Refers to the classification of different kinds of movement or flow, such as vehicular traffic on roads or data traffic over the Internet.

Volume Of Traffic

The quantity of movements or flow, commonly used in reference to the number of users or visitors on a website or the number of vehicles on a road.

Business

Business denotes the commercial activities conducted by individuals or organizations for the purpose of earning profits through the production, distribution, and sale of goods and services.