Hi can anyone help me with this one?
Jill has applied for two scholarships (scholarships A and B). She believes that there is a 40% chance that she will receive scholarship A. If she wins scholarship A then she will get $500. She believes there is a 20% chance she will receive scholarship B. If she wins scholarship B she will get $1000. The chance of winning each scholarship is independent.
What is the expected total amount that she will receive from these two scholarship applications?
a. $750
b. $400
c. $333
d. None of the above
Jill has applied for two scholarships (scholarships A and B). She believes that there is a 40% chance that she will receive scholarship A. If she wins scholarship A then she will get $500. She believes there is a 20% chance she will receive scholarship B. If she wins scholarship B she will get $1000. The chance of winning each scholarship is independent.
What is the expected total amount that she will receive from these two scholarship applications?
a. $750
b. $400
c. $333
d. None of the above