What is the expected value of the investment payoff


Question: You have invested in a project that has the following payoff schedule:

Payoff    Probability of Occurrence
$40    .15
$50    .20
$60    .30
$70    .30
$80    .05

What is the expected value of the investment's payoff? (Round to the nearest $1)

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Finance Basics: What is the expected value of the investment payoff
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