Louis has invested $1,000 in the stock market. At the end of one year, there is a 30% chance that his stock will be worth only $

Question

3 years ago

5

Louis has invested $1,000 in the stock market. At the end of one year, there is a 30% chance that his stock will be worth only $

800, and a 70% chance that it will be worth $1,200. The expected value of his stock at the end of one year is:A) $1,000.B) $1,080.C) $1,200.D) $1,160.

Business

1 answer:

Sphinxa [80] · Answer 1 · 2022-09-02T06:41:13+03:00

Sphinxa [80]3 years ago

5 0

The answer is C 1,080