MATLAB: An Introduction with Applications
MATLAB: An Introduction with Applications
6th Edition
ISBN: 9781119256830
Author: Amos Gilat
Publisher: John Wiley & Sons Inc
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The expected value of an accountant's profit and loss analysis is 0. Explain what this means.
Choose the correct answer below.
O A. An expected value of 0 means that there was not any money gained or spent.
O B. An expected value cannot be equal to 0.
O C. Since the expected value cannot be less than 0, an expected value of 0 means that the average money gained is equal to or less than the average money spent.
O D. An expected value of 0 means that the average money gained is equal to the average money spent, representing the break-even point.
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Transcribed Image Text:The expected value of an accountant's profit and loss analysis is 0. Explain what this means. Choose the correct answer below. O A. An expected value of 0 means that there was not any money gained or spent. O B. An expected value cannot be equal to 0. O C. Since the expected value cannot be less than 0, an expected value of 0 means that the average money gained is equal to or less than the average money spent. O D. An expected value of 0 means that the average money gained is equal to the average money spent, representing the break-even point.
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