Find expected value of outcomes

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Reference no: EM1364109

A project has following projected outcomes in dollars: $250, $350, and $500. The probabilities of their outcomes are 25 percent, 50 percent, nad 25 percent respectively. What is the expected value of these outcomes?
A) 362.50,
B) 89.40,
C) 94.50,
D) 178.30

Reference no: EM1364109

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