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What is expected starting salary

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Reference no: EM132905503

Problem 1: You think that your chance of getting a well-paid job in an investment bank is about 15 per cent. If you get the job you will have a starting salary of $72,000 per year. However, if you don't make the cut then you will work at a fast food outlet for $40,000 per year. What is your expected starting salary? (to the nearest dollar)

a. $44800
b. $67200
c. $72000
d. $40000

Reference no: EM132905503

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