Question 1
If the probability of a 20% return is 70% and the probability of a 3% loss is 30%, what is the expected return?
◦ 13%
◦ 10%
◦ 12%
◦ 17%
◦ 15%
Question 2
If the probability of a 20% return is 70% and the probability of a 4% loss is 30%, what is the expected return to the nearest whole percentage?
◦ 17%
◦ 3%
◦ 13%
◦ 15%
◦ 11%