The expected value of a 60% probability of 50 cents and a 40% probability of nothing is 30 cents. The expected value of a 40% probability of 30 cents and a 60% probability of nothing is 12 cents. But I have no clue what was intended by this question. It probably was made up by an HR person, who are usually the stupidest people in any company except for a small minority of the maintenance crew and security guards.
It probably was made up by an HR person, who are usually the stupidest people in any company except for a small minority of the maintenance crew and security guards.
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