Multiple Choice
An investment opportunity is a sure thing; it will pay off $100 regardless of which of the three possible outcomes comes to pass. The variance of this investment opportunity:
A) is 0.
B) is 1.
C) is 2.
D) is -1.
E) cannot be determined without knowing the probabilities of each of the outcomes.
Correct Answer:
Verified
Correct Answer:
Verified
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