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Mathematics

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If an investment has a 25% probability of returning $2,000, a 25% probability of returning $4,000, and a 50% probabiof returning $3,000, the expected value of the investment is $???

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lexcieclark lexcieclark

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Answer: 3,000. The answer is 100% correct

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ssanthuff23 ssanthuff23

Today at 5:06 PM

Answer:

If an investment has a 25% probability of returning $2,000, a 25% probability of returning $4,000, and a 50% probability of returning $3,000, the expected value of the investment is $3,000.

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