A gamble costing $200 has the following two outcomes: 0.3 1,000 0.7 0 a. What is the

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A gamble costing $200 has the following two outcomes:

0.3 1,000 0.7 0

a. What is the expected value of this gamble?

b. Is this a fair gamble?

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Bare Essentials Of Investing The Teaching The Horse To Talk

ISBN: 9789812705402

1st Edition

Authors: Harold Bierman

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Question Posted: Jun 06, 2024 01:10 AM

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A gamble costing $200 has the following two outcomes: 0.3 1,000 0.7 0 a. What is the

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Bare Essentials Of Investing The Teaching The Horse To Talk

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