Which is the best investment company to invest in:Investment Company APossible ReturnProbability0.555 pesos45 pesos0.5Investment Company BPossible ReturnProbability0.560 pesos40 pesos0.5Investment Company CProbability0.3Possible Return0 pesos50 pesos100 pesos0.40.3Using the concept of mean, which of three best options has the best deal? Explain your answer.

It is known that, Mean= ΣXi*p(Xi) For company A we calculate expected possible return,…

Which is the best investment company to invest in: Investment Company A Possible Return Probability 55 pesos 45 pesos 0.5 0.5 Investment Company B Possible Return Probability 60 pesos 40 pesos 0.5 0.5 Investment Company C Probability 0.3 Possible Return O pesos 50 pesos 100 pesos 0.4 0.3 Using the concept of mean, which of three best options has the best deal? Explain your answer.

Which is the best investment company to invest in: Investment Company A Possible Return Probability 55 pesos 45 pesos 0.5 0.5 Investment Company B Possible Return Probability 60 pesos 40 pesos 0.5 0.5 Investment Company C Probability 0.3 Possible Return O pesos 50 pesos 100 pesos 0.4 0.3 Using the concept of mean, which of three best options has the best deal? Explain your answer.

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018

18th Edition

ISBN:9780079039897

Author:Carter

Publisher:Carter

Chapter10: Statistics

Section10.6: Summarizing Categorical Data

Problem 30PPS

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