There Is a 30% Probability That an Office Building Will

question 27

Multiple Choice

There is a 30% probability that an office building will be sold after five years for $30 million, a 50% probability that it will be sold for $20 million and a 20% probability that it will be sold for $10 million.What is the expected value of the office building in five years?

• A)$20 million
• B)$21 million
• C)$30 million
• D)$10 million

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Definitions:

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Particular symptoms that are distressing or problematic for an individual, often requiring targeted intervention or treatment.

Genuineness

The quality of being open, authentic, and sincere in one's relationships with others.

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