Question: please solve step by step Review Exercises Q3. Consider three alternatives A and C. Investing in C yields a sure return of $40. Investment in

please solve step by step Review Exercises Q3.

please solve step by step

Review Exercises Q3. Consider three alternatives A and C. Investing in C yields a sure return of $40. Investment in A has an uncertain return (X) which has an unknown continuous distribution, but from past data investment A has yielded the following values shown in the table below. Payoff $40 Values 15 5 35 25 45 55 40 30 60 65

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