DI.100 Expected Value, Odds, and Risk
0%
Skill Level🔴 Hard
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Progress to Next Level25% to Medium
EasyMediumHardMastery100%

A commission is 5% of the first $100,000 of revenue plus 10% of revenue above $100,000. Revenue is $200,000 with probability 30%, $120,000 with probability 50%, and $60,000 with probability 20%. What is the expected commission?