Assume that you assign the following subjective probabilities for your final grade in your econometrics course (the standard GPA scale of 4 = A to 0 = F applies):

Grade Probability
A 0.20
B 0.50
C 0.20
D 0.08
F 0.02

The expected value is:

a. 3.5
b. 3.25.
c. 2.78.
e. 3.0

Atravel agent is booking a trip to england, scotland, ireland, and france for a group of senior citizens. the agent sent surveys to the group, asking which countries they would like to visit, in order, and created the shown preference schedule (e = england, i = ireland, s = scotland, f = france). which country is the condorcet winner? number of votes 15 12 16 19 1st f e e i 2nd e s i s 3rd s i s e 4th i f f f 1. scotland 2. england 3. france 4.ireland