Question
There is a 50% chance of making $0, a 40% chance of making $100, and a 10% chance of losing $100. Calculate the expected value
There is a 50% chance of making $0, a 40% chance of making $100, and a 10% chance of losing $100. Calculate the expected value and variance of the payoff.
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Engineering economy
Authors: Leland Blank, Anthony Tarquin
7th Edition
9781259027406, 0073376302, 1259027406, 978-0073376301
