document.write( "Question 1180666: An investment opportunity has 15% chance of making $2500, a 34% chance of making $1300, a 11% chance of breaking even. and a 40% chance of loosing $1600. What is the expected value for the investment? \n" ); document.write( "
Algebra.Com's Answer #810399 by ikleyn(52781)![]() ![]() You can put this solution on YOUR website! . \n" ); document.write( " \r\n" ); document.write( "\r\n" ); document.write( "It is 0.15*2500 + 0.34*1300 + 0.11*0 - 0.40*1600 = 177 dollars. ANSWER\r\n" ); document.write( "\r \n" ); document.write( "\n" ); document.write( "Solved.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "The formula is self-explanatory.\r \n" ); document.write( " \n" ); document.write( "\n" ); document.write( "The factor \" 0 \" in the formula represents the zero amount, which corresponds to break event.\r \n" ); document.write( " \n" ); document.write( " \n" ); document.write( "\n" ); document.write( " \n" ); document.write( " |