The weighted average of all possible outcomes of a project, with the probabilities of the outcomes used as weights, is known as the
A) variance.
B) standard deviation.
C) expected value.
D) coefficient of variation.
C
Economics
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For an oligopolistic firm, which of the following can be identified as a strategy?
A) Produce 10,000 units regardless of what the rivals do. B) Advertise if the rival advertises, do not advertise if the rival does not advertise. C) Raise the price if the rival raises the price, keep the current price if the rival lowers its price. D) All of above.
Economics
A bank has $6 million in assets and $4 million in liabilities. The remaining $2 million is the bank’s ______.
a. cash assets b. reserves held at the Fed c. loans d. capital
Economics