For annual worth values of $30,000, $40,000, and $50,000 with chances of 20%, 20%, and 60%, respectively,

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For annual worth values of $30,000, $40,000, and $50,000 with chances of 20%, 20%, and 60%, respectively, the expected AW is closest to:
(a) $34,000
(b) $40,000
(c) $44,000
(d) $48,000

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Engineering economy

ISBN: 978-0073376301

7th Edition

Authors: Leland Blank, Anthony Tarquin

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Question Posted: Dec 17, 2012 06:38 AM

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For annual worth values of $30,000, $40,000, and $50,000 with chances of 20%, 20%, and 60%, respectively,

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Engineering economy

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