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A potential investment costs $2000. You estimate that the investment has three possible outcomes. 1) it is worth $1,943(p=.25) 2 ) it is worth $2,216(p=.25)
A potential investment costs $2000. You estimate that the investment has three possible outcomes. 1) it is worth $1,943(p=.25) 2 ) it is worth $2,216(p=.25) 3) it is worth $3,172(p=.5) What is the expected value of this investment
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