Mathematics

Devin Grant

4 May, 21:51

Petey is considering investing $19 in a certain company. Financial advisors forecast that there is a 30% chance that the s

will increase in value by 10%, and a 70% chance he will lose his initial investment. Determine if Petey should make the

investment, and find the expected value of the investment.

A. Yes, the expected value is - $12.73.

В. No, the expected value is $12.73.

C. Yes, the expected value is $13.87.

D. No, the expected value is $13.87.

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