There is a 30% probability that an office building will be sold after 5 years for $30 million, a 50% probability that it will be sold for $20 million and a 20% probability that it will be sold for $10 million
What is the expected value of the office building in 5 years?
A) $20 million
B) $21 million
C) $30 million
D) $10 million
Answer: B
Business
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A credit-based score that is highly predictive of future claims cost is an individual's
A) CLUE score. B) insurance score. C) motor vehicle record score. D) underwriting score.
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_____ It is always best to evaluate training using all three levels of evaluation
Indicate whether the statement is true or false
Business