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skawa1991 skawa1991
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5 years ago
A share of a restaurant chain can be worth $2 with a probability of 0.40 and $10 with a probability of 0.60. What is the variance of the price of this share?
A) 3
B) 5
C) 6
D) 8.5
Textbook 
Microeconomics

Microeconomics


Edition: 8th
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kristen_m17kristen_m17
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#1
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5 years ago
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skawa1991 Author
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5 years ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
acaruso
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Yesterday
Correct Slight Smile TY
Katey_maree
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2 hours ago
Thanks
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