Question: Question 10 10 pts Prospect X = ($4, 0.05; $16, 0.24 ; $30, 0.05; $38, p) What is the expected value of prospect X? (Hint

Question 10 10 pts Prospect X = ($4, 0.05; $16, 0.24

Question 10 10 pts Prospect X = ($4, 0.05; $16, 0.24 ; $30, 0.05; $38, p) What is the expected value of prospect X? (Hint 1: To answer this question, you'll need to first determine the value of "p"). (Hint 2: To determine "p", remember that probabilities sum to 1). (Note: The answer may not be a whole number; please round to the nearest hundredth) (Note: The numbers may change between questions, so read carefully)

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