document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=69777>Question 69777</A>: <I><SPAN STYLE=\"word-break: break-all;\"> IF THERE IS 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?\r<BR>\n" );
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document.write( "I GOT 12% BUT I AM SO DOUBTFUL THATS CORRECT, PLEASE ADVISE AND EXPLAIN HOW TO ARRIVE AT THE CORRECT SOLUTION WITH THESE PROBLEMS.\r<BR>\n" );
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document.write( "THANK YOU FOR YOUR MUCH NEEDED HELP.\r<BR>\n" );
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document.write( "ANNETTE<BR>\n" );
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document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #49715 by </B><A HREF=/tutors/aboutme.mpl?userid=stanbon><B>stanbon(75887)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=stanbon><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/images/nopicture.jpg><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=49715\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> IF THERE IS 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?\r<BR>\n" );
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document.write( "Expected Value:<BR>\n" );
document.write( "0.20(0.16) + 0.30(0.14) + 0.40(0.12)= 0.122<BR>\n" );
document.write( "or 12.2%<BR>\n" );
document.write( "Cheers,<BR>\n" );
document.write( "Stan H. </SPAN>\n" );
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