Question: For this question, use the assumptions from Part 2 (e.g., the pledge levels and proportions from Project 12, Bicycle bell). Use the following pessimistic, base,
For this question, use the assumptions from Part 2 (e.g., the pledge levels and proportions from Project 12, Bicycle bell). Use the following pessimistic, base, and optimistic scenarios: pessimistic (with a 20% chance) is 250 backers, base (with a 60% chance) is 600 backers, and optimistic (with a 20% chance) is 1,700 backers. If the funding goal is $22,000, which of the values is the expected value of money they would collect?
A. $23,691.47
B. $36,052.23
C. $38,627.39
D. $31,416.95
please show work thank you!
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