When a variable can take on different values
A) it is a random variable
B) it is a dependent variable
C) it is an dummy variable
D) it is an endogenous variable
Correct Answer:
Verified
Q2: You can either invest in project A
Q3: Four possibilities are equally likely and have
Q4: Three possibilities have probabilities 0.5,0.3 and 0.2
Q5: Three possibilities have probabilities 0.4,0.4 and 0.2
Q6: You can either invest in project A
Q8: Expected value is
A)(Probability of state A+Value in
Q9: You can invest $100,000 into either project
Q10: In a coin toss bet,where both heads
Q11: In a coin toss bet,where both heads
Q12: Four possibilities have probabilities 0.4,0.2,0.2 and 0.2
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