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den301095 [7]
2 years ago
8

Anybody know the correct answer?

Advanced Placement (AP)
1 answer:
Yuri [45]2 years ago
5 0
The expected value is the sum of products of probability and value.
.. 0.40*(-$25000) +0.25*($0) +0.35*($25000) = -$1,250

The expected value is a loss of $1250.
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You have ...

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