Mathematics, 28.05.2020 21:58 ndurairajownkpq
Petey is considering investing $19 in a certain company. Financial advisors forecast that there is a 30% chance that the s
will increase in value by 10%, and a 70% chance he will lose his initial investment. Determine if Petey should make the
investment, and find the expected value of the investment.
A. Yes, the expected value is -$12.73.
В. No, the expected value is $12.73.
C. Yes, the expected value is $13.87.
D. No, the expected value is $13.87.
Answers: 2
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Petey is considering investing $19 in a certain company. Financial advisors forecast that there is a...
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