Question

If an investment has a 20%(0.20) probability of returning $1,000; a 30%(0.30) probability of returning $1,500; and a 50%(0.50) probability of returning $1,800; the expected value of the investment is:
A. $1,433.33
B. $1,550.00
C. $2,800.00
D. $1,600.00

Answer

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