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Managerial Economics 2nd Edition by William Boyes
Edition 2ISBN: 978-0618988624Managerial Economics 2nd Edition by William Boyes
Edition 2ISBN: 978-0618988624 Exercise 18
An investment has returns of zero with probability one-half, $3,000 with probability one-third, and $6,000 with probability one-sixth. What is the expected value of the return?
Explanation
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Expected value of return:
The expected ...
Managerial Economics 2nd Edition by William Boyes
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