Risky Undertaking
Suppose you make a $2,000 investment in a risky undertaking.There is a 50% chance that the payoff from the investment will be $5,000,a 20% chance that you will just get your money back,and a 30% chance that you will receive nothing at all from your investment.
-{Risky Undertaking Narrative} Find the expected value of the payoff from your investment of $2,000.

Question

Risky Undertaking ​
 Suppose you make a $2,000 investment in a risky undertaking.There is a 50% chance that the payoff from the investment will be $5,000,a 20% chance that you will just get your money back,and a 30% chance that you will receive nothing at all from your investment. ​ ​
-{Risky Undertaking Narrative} Find the expected value of the payoff from your investment of $2,000.

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The Answer of Risky Undertaking ​
 Suppose you make a $2,000 investment in a risky undertaking.There is a 50% chance that the payoff from the investment will be $5,000,a 20% chance that you will just get your money back,and a 30% chance that you will receive nothing at all from your investment. ​ ​
-{Risky Undertaking Narrative} Find the expected value of the payoff from your investment of $2,000.

Risky Undertaking ​ Suppose You Make a $2,000 Investment in a Risky

Risky Undertaking Suppose You Make a $2,000 Investment in a Risky