Question: What is the expected monetary value ( EMV ) if Allen has a 3 0 % chance of winning a contract for $ 1 0

What is the expected monetary value (EMV) if Allen has a 30% chance of winning a contract for $100,000 and 70% chance of winning another contract for $250,000?
$150,000
$205,000
$350,000
$145,000
 What is the expected monetary value (EMV) if Allen has a

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