Mathematics, 06.04.2021 16:14 GreenHerbz206
Jim likes to day-trade on the Internet. On a good day, he averages a $1200 gain. On a bad day, he averages a $800 loss. Suppose that he has good
days 25% of the time, bad days 55 % of the time, and the rest of the time he breaks even. What is the expected value for one day of Jim's day-
trading hobby?
Answers: 2
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Jim likes to day-trade on the Internet. On a good day, he averages a $1200 gain. On a bad day, he av...
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