Author Question: You are watching the Inter Milan vs. Barcelona Champions League game with your best friend Joe. You ... (Read 59 times)

sheilaspns · **on:** Apr 25, 2021

Question 1

XYZ Corp expects to have $350,000 in sales in a poor economy, $500,000 in a moderate economy, and $900,000 in a booming economy. If the chances of a booming economy and poor economy are 10% each, what is the expected return?
◦ 525,000
◦ 512,500
◦ 500,000
◦ 805,000
◦ 621,000

Question 2

You are watching the Inter Milan vs. Barcelona Champions League game with your best friend Joe. You make a deal with Joe:
If Barcelona wins, you walk away with $110.
If Inter Milan wins, you walk away with $50.
If you paid $100, what is your expected return assuming that each team has an equal probability of winning?
◦ -0.21
◦ -0.22
◦ -0.20
◦ -0.23
◦ -0.24

marict · **Reply #1 on:** Apr 25, 2021

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