Multiple Choice
Louis has invested $1,000 in the stock market.At the end of one year,there is a 30% chance that his stock will be worth only $800 and a 70% chance that it will be worth $1,200.The expected value of his stock at the end of one year is:
A) $1,000.
B) $1,080.
C) $1,200.
D) $1,160.
Correct Answer:
Verified
Correct Answer:
Verified
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