By investing in a particular stock, a person can make a profit in one year of $4000

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By investing in a particular stock, a person can make a profit in one year of $4000 with probability 0.3 or take a loss of $1000 with probability 0.7. What is this person's expected gain?

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Probability & Statistics For Engineers & Scientists

ISBN: 9780130415295

7th Edition

Authors: Ronald E. Walpole, Raymond H. Myers, Sharon L. Myers, Keying

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Question Posted: Feb 03, 2011 03:16 AM

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By investing in a particular stock, a person can make a profit in one year of $4000

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