Nate is taking a math class, an English class, and a social studies class during his senior year of high school. Next year, he will be attending the University of North Carolina and studying to become an engineer. The 4-year
tuition for The University of North Carolina is $120,000.
If Nate can earn an "A" in his math class, he will win a one-time $10,000 math scholarship. If he can earn an "A"
in all three classes, he will win a $50,000 one-time general scholarship in addition to the math scholarship.
His estimated probability of earning an "A" for each class is in the table below.
What is the expected amount of tuition that Nate will pay to attend The University of North Carolina for 4
years?
$
Class
Math
English
Social Studies
Probability of an "A"
60%
30%
20%