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Business, 26.02.2020 00:20 mrens8

Speedy Steve is a traveling salesman. Steve’s income is $900 each week, but if Steve is caught speeding while making his rounds, he will receive a hefty fine. There is a 40% chance he will be caught speeding in any given week and pay a fine of $500. What is Steve's expected income?

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Speedy Steve is a traveling salesman. Steve’s income is $900 each week, but if Steve is caught speed...
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