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$6$ points

Question $1$

Dr$.$ Michael Corleone works as a finanical advisor for Merill Lynch$.$ One of his clients is considering an investment with the following probabilities. Dr$.$ Corleone was asked to calculate the expected value of this investment:

$22\%$ chance of making $$2,000,000$;

$8\%$ chance of making $$400,000$;

$40\%$ chance of making $$100,000$; and a

$30\%$ chance of making $$0.$

The expected value is

dollars. $($Do not include the dollar sign in your answer$)$