Question: Using the formula for expected value Expected value - weighted average outcome E(V)=E(pnxrn) What is the expected value of the following 3 options: 25%

Using the formula for expected value Expected value - weighted average outcome

Using the formula for expected value Expected value - weighted average outcome E(V)=E(pnxrn) What is the expected value of the following 3 options: 25% chance of losing $25 50% chance of gaining $27.50 25% chance of gaining $ 50

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