A RISK HAS FOUR POSSIBLE OUTCOMES. GIVEN THE FOLLOWING INFORMATION,...

5. A risk has four possible outcomes. Given the following information,what is the expected value of this risk?Probability Result of Risk0.4 10,0000.3 7,5000.2 5,0000.1 2,500a. $20,000b. $14,500c. $7,000d. $7,000