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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Related Book For
Practical Management Science, Revised
ISBN: 9781118373439
3rd Edition
Authors: Wayne L Winston, S. Christian Albright
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