Question
As the Chief Investment Officer for A Nyce Place to Work you have been given the opportunity to invest in the Super-Tazer. It is a
As the Chief Investment Officer for "A Nyce Place to Work" you have been given the opportunity to invest in the Super-Tazer. It is a tazer, that when you push the button incapacitates everyone in a 10 foot radius of you. You have figured out that there are three potential outcomes for this investment:
Outcome Probability Return
1. .25 .10
2. .50 .25
3. .25 .40
What is the expected return on the investment?
*Make sure your answer is in a decimal format (.10, .55, etc...) not a percentage (50%). Round (if necessary) to the hundreths position (i.e. .089 = .09).
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