Consider the following dice game: A pair of dice is rolled. If the sum is 7, then
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Let Xi denote the return when you use the critical value i. To compute E[Xi], condition on the initial sum. Expected Return
The expected return is the profit or loss an investor anticipates on an investment that has known or anticipated rates of return (RoR). It is calculated by multiplying potential outcomes by the chances of them occurring and then totaling these...
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