If an investment will return $1,500 half of the time and $700 half of the time, the

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If an investment will return $1,500 half of the time and $700 half of the time, the expected value of the investment is:

A. $1,250

B. $1,050

C. $1,100

D. $2,200

Related Book For answer-question

Essentials of Business Statistics Communicating With Numbers

ISBN: 978-0078020544

1st edition

Authors: Sanjiv Jaggia, Alison Kelly

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Posted Date: Sep 15, 2020 09:45 PM

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If an investment will return $1,500 half of the time and $700 half of the time, the

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Essentials of Business Statistics Communicating With Numbers

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