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22 September, 04:27

A real estate agent spends $1,500 on advertising for three months to sell an average house. if the house sells in three months, the agent earns $9,000. otherwise, he loses the listing and earns nothing. if there is a 40% chance that the house will sell in three months, what is the expected revenue for the real estate agent?

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  1. 22 September, 04:50
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    The answer is $2,100
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