Question: The Infidelity Mutual Fund projects three possible outcomes for next year: weak performance (5 percent), good performance (10 percent), and outstanding performance (30 percent). The

The Infidelity Mutual Fund projects three possible outcomes for next year: weak performance (–5 percent), good performance (10 percent), and outstanding performance (30 percent). The good performance has a 50 percent chance of happening and is twice as likely as the other two outcomes. What is the expected value?

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