?Which of the following has the least risk of loss and why?
I. A 70% probability of losing $12,000 and a 30% probability of not losing anything.
II. A 65% probability of losing $6,000 and a 35% probability of not losing anything.
?
A. ?II. has the least risk of losing. The expected value is $2,100.
B. ?II. has the least risk of losing. The expected value is $3,900.
C. ?I. has the least risk of losing. The expected value is $8,400.
D. I. has the least risk of losing. The expected value is $3,900.
E. III. has the least risk of losing. The expected value is $6,000.
Answer: B
Mathematics
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