Concept explainers
Get a job (H). You search for a job. Three companies are interested in you, and you will receive at most one offer. The first company has ajob open with a salary of $21,000, and the probability of getting an offer is 0.5. The second company has a job open paying $32,000, and the probability of getting an offer is 0.3. The last company has a job paying $45,000, and the probability of getting an offer is 0.1. There is a 0.1 probability of not landing any job. What is the expected income you will make next year?
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The Heart of Mathematics: An Invitation to Effective Thinking
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