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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
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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?

User Thatjeffsmith
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2 Answers

2 votes
Yes now happy birthday
User Tae
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6 votes
Gimbles Stuff will have the higher expected value.

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