SOLUTION: IF THERE IS A 20% CHANCE WE WILL GET A 16% RETURN, A 30% CHANCE OF GETTING A 14% RETURN, A 40% CHANCE OF GETTING A 12% RETURN, AND A 10% CHANCE OF GETTING AN 8% RETURN, WHAT IS THE

Question 69782: IF THERE IS A 20% CHANCE WE WILL GET A 16% RETURN, A 30% CHANCE OF GETTING A 14% RETURN, A 40% CHANCE OF GETTING A 12% RETURN, AND A 10% CHANCE OF GETTING AN 8% RETURN, WHAT IS THE EXPECTED RATE OF RETURN?
A.12%
B.13%
C.14%
D.15%
WHEN I FIRST WORKED IT I GOT 12%, UPON LETTING MY SON HELP ME HE GOT 13%, PLEASE HELP! I DESPERATELY NEED TO KNOW HOW TO WORK THIS PROBLEM, THANK YOU SO MUCH
Answer by stanbon(75887) (Show Source): You can put this solution on YOUR website!
It's actually 12.2%. Did you get my posted solution?
cheers,
Stan H.
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