An investment of 4 possible returns after 3 years as shown in the following table. What...
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An investment of 4 possible returns after 3 years as shown in the following table. What is the expected value of the return? Should the investment be made? Return -$6,000 SO $1,000 $2,000 Prob 10% 35% 35% 20% Investment should be Return -$6,000 SO $1,000 $2,000 Prob 10% 35% 35% 20% Insert Values E v of R 0 An investment of 4 possible returns after 3 years as shown in the following table. What is the expected value of the return? Should the investment be made? Return -$6,000 SO $1,000 $2,000 Prob 10% 35% 35% 20% Investment should be Return -$6,000 SO $1,000 $2,000 Prob 10% 35% 35% 20% Insert Values E v of R 0
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An Expected Value EV is a weighted average value of different possible outcome where the probab... View the full answer
Related Book For
Modern Advanced Accounting in Canada
ISBN: 978-1259087554
7th edition
Authors: Hilton Murray, Herauf Darrell
Posted Date:
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