The expected value that this broker assign to this stock's end-of-the-year price is $58.50.
Using this formula
Expected value=Stock worth at $50+ Stock worth at $60+ Stock worth at $70
Where:
Stock worth at $50=40% chance
Stock worth at $60=35% chance
Stock worth at $70=25% chance
Let plug in the formula
Expected value=(40%×$50)+($35%×$60)+($25%×$70)
Expected value=$20+$21+$17.5
Expected value=$58.50
Inconclusion the expected value that this broker assign to this stock's end-of-the-year price is $58.50.
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brainly.com/question/12834805
Answer:
37.5% if wrong sorry
Step-by-step explanation:
Step-by-step explanation:
please mark me as brainliest
Answer:
91°
Step-by-step explanation:
x and 89 are linear equations
180 - 89 = 91
x = 91
Answer:
3/7
Step-by-step explanation:
add them all up 9+3+12+4=28
28 will be the bottom number of the fraction 12 wil be the top
12/28 then simplify by dividing by 2 6/14 then once more 3/7
