Question
An investment will be worth $1,000, $2,000, or $5,000 and $7000 at the end of the year. The probabilities of these values are 20%, 54%,
An investment will be worth $1,000, $2,000, or $5,000 and $7000 at the end of the year. The probabilities of these values are 20%, 54%, 11% and 15%, respectively.Construct a probability distribution below. Calculate the expected investment. as well as Variance and standard deviation for the investment.
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Algebra
Authors: Marvin L Bittinger
12th Edition
0321922913, 9780321922915
