Business, 14.02.2020 02:26 christhegreat1
Your financial advisor offered an attractive investment option for you. He said on an investment of $20,000, he can promise a return of $4,000 in a year with probability 0.3, a return of $2,000 with probability 0.3, a return of $1,000 with probability 0.2, and a return of $0 with probability 0.2. 9. What is the expected value of this investment? a. $1,000 $2,000 C. $3,000 d. $4,000 10. Given utility of the following form, U(x) = VX, what is the EU of this investment? a. $14.63 b. $94.29 2 c. $38.71 d. $235.98
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Your financial advisor offered an attractive investment option for you. He said on an investment of...
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