You forecast the one-year return to ABC stock will be 17% if the economy very good, 6% if the economy is fair, and -3% if there is a recession. Economists predict the probability of a very good economy is 0.05, of a fair economy is 0.65, and the probability of a recession is 0.3. What is the expected return to ABC? A fair roulette wheel has 38 spaces numbered 1-36 plus 0 and 00. Half of the numbered spaces are black, half red, and the 0/00 spaces are green. a. A $1 bet on "red" will pay $1 if the ball lands on red. If the ball does not land on red, the $1 bet is lost. What is the expected return to betting on red? b. A $1 bet on #13 will pay $35 if the ball lands on #13. If the ball does not land on #13, the $1 bet is lost. What is the expected return to betting on #13?

You forecast the one-year return to ABC stock will be 17% if the economy is very good, 6% if the economy is fair, and 3% if there is a recession. Economists predict the probability of a very good economy is 0.05, of a fair economy is 0.65 , and the probability of a recession is 0.3 . What is the expected return to ABC? A fair roulette wheel has 38 spaces numbered 136 plus 0 and 00 . Half of the numbered spaces are black, half red, and the 0/00 spaces are green. a. A $1 bet on "red" will pay $1 if the ball lands on red. If the ball does not land on red, the $1 bet is lost. What is the expected return to betting on red? b. A $1 bet on \#13 will pay $35 if the ball lands on \#13. If the ball does not land on \#13, the $1 bet is lost. What is the expected return to betting on #13