Multiple Choice
A share of a restaurant chain can be worth $2 with a probability of 0.40 and $10 with a probability of 0.60.What is the variance of the price of this share?
A) 3
B) 5
C) 6
D) 8.5
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q15: Explain why the variance of an investment
Q16: Which of the following is a fair
Q17: Bob invests $25 in an investment that
Q18: The rate of return on bonds is
Q19: Steven currently has wealth of $10,000.He is
Q21: According to prospect theory,<br>A) people are concerned
Q22: Assume the following.In location A yearly temperatures
Q23: A risk-preferring person is willing to pay<br>A)
Q24: You draw colored balls out of a
Q25: Michelle invested $50 in a project that