kmalcina5p0kexi kmalcina5p0kexi

10-06-2021
Mathematics

contestada

Your investment adviser tells you that Acme Widgets has a 40% chance of increasing your investment by $10,000, and Gimbles Stuff has a 30% chance of increasing your investment by $15,000. Which has the higher Expected Value?

Respuesta :

cassibo792057 cassibo792057

10-06-2021

Gimbles Stuff will have the higher expected value.

Explanation: 15,000x0.3= 4,500 whereas 10,000x0.4= 4,000

Answer Link

WiiMove WiiMove

10-06-2021

Yes now happy birthday

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