Mathematics, 15.10.2019 01:10 alexvane78
What is the expected value of an original investment of $3,000 that has a 10% chance of ending up with a value of $2,000, an 80% chance of ending up with a value of $3,500, and a 10% chance of ending up with a value of $4,000?
a $6,000
b. $3,500
c $3,400
d. $3,250
e $3,000
Answers: 2
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What is the expected value of an original investment of $3,000 that has a 10% chance of ending up wi...
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