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1.  Suppose an individual is considering an investment in which there are exactly three possible outcomes, whose probabilities and pay-offs are given below

Outcome

Probability

Pay-offs

A

.3

$100

B

?

50

C

.2

?

The expected value of the investment is $25.  Fill in the missing cells. What is the variation and standard deviation of the investment?

- More specifically, how do I fill in the missing cells? 

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  • Category:- Business Management
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