Question
An investment has a 20% chance of losing $20, a 30% chance of making $10, a 40% chance of making $20, and a 10% chance
An investment has a 20% chance of losing $20, a 30% chance of making $10, a 40% chance of making $20, and a 10% chance of making $100. What is the expected value of the investment?
- -$3
- $5
- $12
- $17
- $29
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Mathematical Applications for the Management Life and Social Sciences
Authors: Ronald J. Harshbarger, James J. Reynolds
11th edition
9781337032247, 9781305465183, 1305108043, 1337032247, 1305465180, 978-1305108042
