Question

Calculate the expected

gain or loss for Stock MNO.

Lose $25 Gain $5 Gain $45

Stock ABC 40% 15% 45%

Stock JKL 15% | 65% 20%

Stock MNO 5% 80% 15%

Answer 1

Answer: 3.95

Explanation:

Answer 2

should be 9.5

Explanation:

1) so use the expected value formula.

2) -25 ( lose 25 thing) times 5% plus 5 (gain 5) times 80% plus 45 (gain 45) times 15%.

3) put that into you calculator and you have you answer