By using the given table, we can see that the expected value is 20.97 AED.
How to find the expected value?
The expected value is given by the sum between the products between the value of each outcome and the probability of said outcome.
Then, by using the table, we can write the expected value as:
[tex]12*0.8 + 18*0.15 + 20*0.31 + 22*0.08 + 24*0.15 + 25*0.23 = 20.97[/tex]
Then we can see that the correct option is C, the expected value is 20.97 AED.
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