Answered

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INDUSTRIES IS CONSIDERING PURCHASING A CERTAIN STOCK. AFTER
CONSIDERABLE RESEARCH, THE BOARD MEMBERS DETERMINE THAT THERE IS A 60% CHANCE OF MAKING $8000, A 10% CHANCE OF BREAKING EVEN, AND A 30% CHANCE
OF LOSING $6200. FIND THE EXPECTATION OF THIS PURCHASE

Sagot :

angstar4
0.6(8000) + 0.1(0) + 0.3(-6200)
4800 + 0 - 1860
$2140
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