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Anybody know the correct answer?

Anybody know the correct answer?
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2 votes
Anybody know the correct answer?

Anybody know the correct answer?-example-1
User Dan Ruswick
by
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1 Answer

4 votes
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.
User Jinna Baalu
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8.4k points
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