The budgeting process for a midwestern college resulted in

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The budgeting process for a midwestern college resulted in expense forecasts for the coming year (in $ millions) of $9, $10, $11, $12, and $13. Because the actual expenses are unknown, the following respective probabilities are assigned: 0.28, 0.16, 0.21, 0.16, and 0.19.

Reference no: EM13639136

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