An investment has returns of zero with probability one half, $3,000 with probability one third and $6,000

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An investment has returns of zero with probability one half, $3,000 with probability one third and $6,000 with probability one sixth. What is the expected value of the return?

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Managerial Economics Markets and the Firm

ISBN: 978-0618988624

2nd edition

Authors: William Boyes

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Question Posted: Sep 27, 2014 06:13 AM

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An investment has returns of zero with probability one half, $3,000 with probability one third and $6,000

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Expected Value 012 300013 600016 Expected Value 2000 ...View the full answer

Managerial Economics Markets and the Firm

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