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3 years ago

5

Your investment adviser tells you that Acme Widgets has a 40% chance of increasing your investment by $10,000, and Gimbles Stuff

has a 30% chance of increasing your investment by $15,000. Which has the higher Expected Value?

2 answers:

julsineya [31]3 years ago

7 0

Gimbles Stuff will have the higher expected value.

Explanation: 15,000x0.3= 4,500 whereas 10,000x0.4= 4,000

morpeh [17]3 years ago

4 0

Yes now happy birthday

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