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Jasmine Is Considering Buying a 1954 Chevy, Restoring It, and Selling

Question 60

Multiple Choice

Jasmine is considering buying a 1954 Chevy, restoring it, and selling it. She calculates a 0.2 probability that she will gain 25% from the project, a 0.3 probability that she will gain 10%, and a 0.5 probability that she will gain 5%. What is Jasmine's expected return?


A) 18%
B) 10.5%
C) 7%
D) 12%

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