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You have purchased a condo in false creek for $800,000. You are planning to sell it in two years. You have made the following probability

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You have purchased a condo in false creek for $800,000. You are planning to sell it in two years. You have made the following probability distribution for selling prices: Price Probability 600,000 0.25 850,000 0.30 1,000,000 0.25 1,400,000 0.20 What is the expected selling price? Your Answer: 935000

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