ZionDelFuego ZionDelFuego

14-03-2018
Advanced Placement (AP)

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Anybody know the correct answer?

Anybody know the correct answer class=

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sqdancefan sqdancefan

14-03-2018

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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