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Consider a Lottery with Four Equally Likely Outcomes,A,B,C,and D

Question 3

Multiple Choice

Consider a lottery with four equally likely outcomes,A,B,C,and D.The associated payoffs are: A - $10,B - $30,C - $70,and D - $150.The variance of this lottery is


A) 2,875
B) 5,750
C) 8,625
D) 11,500

Correct Answer:

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