blackpanter101 blackpanter101

09-01-2023
Mathematics

Answered

PLEASE HELP ME ASAP!!!!!!!!

Rachel sells a piece of land. She spends $1,500 to advertise the sale. If the plot sells in 5 months, she earns $5000. Otherwise, she loses the listing. If there is a 60% chance that the plot will sell in 5 months, what is the expected payoff?

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