ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Suppose an investor is concerned about a business choice in which there are three prospects;
the probability and returns are given below:
Probability
0.5
0.3
0.2
The expected value of the uncertain investment is $
dollar.)
Return
$110
30
- 30
(Round your answer to the nearest
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Transcribed Image Text:Suppose an investor is concerned about a business choice in which there are three prospects; the probability and returns are given below: Probability 0.5 0.3 0.2 The expected value of the uncertain investment is $ dollar.) Return $110 30 - 30 (Round your answer to the nearest
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