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If economic conditions are great, your investments will grow by 20%; if economic conditions are average, your investments will grow by 14%; and if economic
If economic conditions are great, your investments will grow by 20%; if economic conditions are average, your investments will grow by 14%; and if economic conditions are bad, your investments will only grow by 4%. If there is a 25% probability of great conditions, a 40% probability of average conditions, and a 35% probability of bad economic conditions, what is the expected growth rate of your investments
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