Question:# Question 9
The Triple L investment club is considering purchasing a certain stock. After considerable research, the club members

Question 9 The Triple L investment club is considering purchasing a certain stock. After considerable research, the club members determine that there is a 55% chance of mak $10,000, a 25% chance of breaking even, and a 20% chance of losing $6,000. Find the expectation of this purchase. Round your result to the nearest cent. Enter your result in the space below. I

Answer

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since there is a 55% chance of making $10,000 so have that ! SSXX 10,000 5500 55 X10,009 100 Also, we ... Download the app for the rest