CCSS Honors 2.4 Example 3
- Author:
- Walch Education
- Topic:
- Distributions, Expected Value, Probability
Chin has $1,500 to invest and must choose between two investment strategies, one high-risk and one low-risk. The tables that follow describe each investment. Which investment should he choose? Explain.
- Create a probability distribution for each investment.
- Calculate the expected value for each investment.
- Determine which investment he should choose.