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1. Consider the following three investments. Which are preferred if Investment A Investment B Investment C $ Outcome Probability $ Outcome Probability $ Outcome Probability
1. Consider the following three investments. Which are preferred if
Investment A | Investment B | Investment C | |||
$ Outcome | Probability | $ Outcome | Probability | $ Outcome | Probability |
5 | 1/3 | 4 | 1/4 | 1 | 1/5 |
6 | 1/3 | 7 | 1/2 | 9 | 3/5 |
9 | 1/3 | 10 | 1/4 | 18 | 1/5 |
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