Assume that a product has the following three stages of production: 
If the value-added tax (VAT) rate is 15%, what would be the VAT over all stages of production?
Definitions:
Diversification
An investment strategy that reduces risk by allocating investments among various financial instruments, industries, or other categories.
Negatively Correlated
A relationship between two variables in which one variable increases as the other decreases.
Expected Value
A calculation in statistics that quantifies the average outcome of a random event over a large number of occurrences.
Mean
The average value of a set of numbers, calculated by dividing the sum of all values by the number of values.
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