When considering expected returns, the states of the world must sum to 1 (or 100%)
Indicate whether the statement is true or false.
Answer: TRUE
You might also like to view...
Which of the following best describes a data warehouse?
A. A data warehouse contains nonvolatile data. B. A data warehouse typically hold no more than one year's worth of data. C. Data warehouses contain real-time data. D. Users typically post operational transactions directly to the data warehouse.
Which of the following describes the time value of money?
A) The time value of money has no effect on the timing of capital investments. B) Money loses its purchasing power over time through inflation. C) The fact that invested cash may not earn interest over time is called the time value of money. D) A dollar received today is worth more than a dollar to be received in the future.
The two broad categories of forecasting methods are ______
A. dependent and independent B. time series and causal C. qualitative and quantitative D. time series and regression analysis
Which of the following is the most logical example of complementary products?
A. Honda cars and Toyota cars B. VCRs and DVD players C. hot dogs and hamburgers D. hot dogs and hot dog buns E. a university and a corporation