You now have $1000, all of which is invested in a sports team. Each year there is

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You now have $1000, all of which is invested in a sports team. Each year there is a 60% chance that the value of the team will increase by 60% and a 40%

chance that the value of the team will decrease by 60%. Estimate the mean and median value of your investment after 100 years. Explain the large difference between the estimated mean and median.

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Practical Management Science, Revised

ISBN: 9781118373439

3rd Edition

Authors: Wayne L Winston, S. Christian Albright

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