If a business venture has a 60-percent chance to earn $2 million and a 20-percent chance to lose $1.5 million, what is the expected monetary value of the venture?
A. -$50,000
B. $300,000
C. $500,000
D. $900,000
A. -$50,000
B. $300,000
C. $500,000
D. $900,000