Rand Corporation has a 0.3 probability of a return of -0.2, a 0.1 probability of a rate
Fantastic news! We've Found the answer you've been seeking!
Question:
Rand Corporation has a 0.3 probability of a return of -0.2, a 0.1 probability of a rate of return of 0.05, and the remaining probability of a 0.62 rate of return. What is the expected rate of return of Rand Corporation?
Related Book For
Understanding Basic Statistics
ISBN: 9781111827021
6th Edition
Authors: Charles Henry Brase, Corrinne Pellillo Brase
Posted Date: