Multiple Choice
If an investment has a 20% (0.20) probability of returning $1,000; a 30% (0.30) probability of returning $1,500; and a 50% (0.50) probability of returning $1,800; the expected value of the investment is:
A) $1,433.33
B) $1,550.00
C) $2,800.00
D) $1,600.00
Correct Answer:
Verified
Correct Answer:
Verified
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