Ray Crofford is evaluating investment alternatives for the $100,000 which he inherited from his grandfather.His investment advisor has identified four alternatives and constructed the following table which shows expected profits (in $10,000's)for various market conditions and their probabilities: The EMV of investing in Stocks is ___.
A)$30,000
B)$63,000
C)$78,000
D)$81,000
E)$100,000

Question

Ray Crofford is evaluating investment alternatives for the $100,000 which he inherited from his grandfather.His investment advisor has identified four alternatives and constructed the following table which shows expected profits (in $10,000's)for various market conditions and their probabilities:  The EMV of investing in Stocks is ___.
A)$30,000 
B)$63,000 
C)$78,000 
D)$81,000 
E)$100,000

Quizplus · Accepted Answer

The Answer of Ray Crofford is evaluating investment alternatives for the $100,000 which he inherited from his grandfather.His investment advisor has identified four alternatives and constructed the following table which shows expected profits (in $10,000's)for various market conditions and their probabilities:  The EMV of investing in Stocks is ___.
A)$30,000 
B)$63,000 
C)$78,000 
D)$81,000 
E)$100,000

Ray Crofford Is Evaluating Investment Alternatives for the $100,000 Which