Question 3 (1 point) If there is a 60% chance of a boom and a 40% chance of a bust, and the expectations are that XYZ company will make $2,000 under a boom and $1,000 under a bust, the expected value is and the standard deviation is $1,314 and $463.50 $1,600 and $489.90 $1,712 and $511.12 $1,763.42 and $ 582.17