Multiple Choice
You have invested in a project that has the following cash return schedule: Probability of
Cash Return Occurrence
$40 .15
$50 .20
$60 .30
$70 .30
$80 .05
What is the expected value of the investment's cash return (Round to the nearest $1. )
A) $60
B) $65
C) $58
D) $70
Correct Answer:
Verified
Correct Answer:
Verified
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