# If Bob faces a 20% chance of losing $20 or an 80% chance of losing nothing. What

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## Question:

If Bob faces a 20% chance of losing $20 or an 80% chance of losing nothing. What is the expected loss and variance?

**Related Book For**

## Financial Markets and Institutions

ISBN: 978-0077861667

6th edition

Authors: Anthony Saunders, Marcia Cornett