If an Investment Has a 20% (0

question 5

Multiple Choice

If an investment has a 20% (0.20) probability of returning $1,000; a 30% (0.30) probability of returning $1,500; and a 50% (0.50) probability of returning $1,800; the expected value of the investment is:

• A) $1,433.33
• B) $1,550.00
• C) $2,800.00
• D) $1,600.00

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Definitions:

Spending Powers

Refers to the financial capabilities or authority of an entity, especially a government, to expend funds for various programs or purposes.

Oversight

The process of supervising, monitoring, and potentially directing activities or operations, usually in the context of governance or management.

Executive Agencies

Parts of the government under the direct authority of the President or the executive branch, responsible for the enforcement of laws.

Accountability

The obligation of individuals or organizations to account for their activities, accept responsibility for them, and disclose the results in a transparent manner.