Suppose a company in the US is buying some parts from a supplierin Japan. The US firm has to pay for
Suppose a company in the US is buying some parts from a supplierin Japan. The US firm has to pay for the parts next month. Supposethey believe the value of the Yen-Dollar exchange rate in 1 monthis given by the following probability distribution: the believethere is a probability of 0.2 that $1 will exchange for 85 Yen,there is a probability of 0.19 that $1 will exchange for 90 Yen,there is a probability of 0.24 that $1 will exchange for 95 Yen,and with the remaining probability that $1 will exchange for 100Yen. What is the expected value of the number of Yen that $1 willexchange for? (please express your answer using 2 decimalplaces)

