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An investment has the following range of outcomes and probabilities. Outcomes (Percent) Probabilities of Outcomes 6% .25 9% .50 10% .25 Calculate the expected value

An investment has the following range of outcomes and probabilities. Outcomes (Percent) Probabilities of Outcomes 6% .25 9% .50 10% .25 Calculate the expected value and the standard deviation (round to two places after the decimal point where necessary). A. Expected value = 8.50 Standard deviation = 1.50 Refer to Equation 17-1 Ki Pi KiPi 6% .25 1.50 9% .50 4.50 10% .25 2.50 KiPi 8.50 (Points : 15)

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