Investment a Pays $1,200 Half of the Time and $800

Multiple Choice

Investment A pays $1,200 half of the time and $800 half of the time. Investment B pays $1,400 half of the time and $600 half of the time. Which of the following statements is correct?

A) Investment A and B have the same expected value, but A has greater risk.
B) Investment B has a higher expected value than A, but also greater risk.
C) Investment A has a greater expected value than B, but B has less risk.
D) None of the statements are correct