Question

If an investment has a 25% probability of returning $2,000, a 25% probability of returning $4,000, and a 50% probabiof returning $3,000, the expected value of the investment is $???​

Answer 1

If an investment has a 25% probability of returning $2,000, a 25% probability of returning $4,000, and a 50% probability of returning $3,000, the expected value of the investment is $3,000.

Explanation:

Answer 2

Answer: 3,000. The answer is 100% correct