if you make a $100,000 - based on the expected value of each, which investment should you make? the expected…

if you make a $100,000 - based on the expected value of each, which investment should you make? the expected value of investment a is $15,000. the expected value of investment b is $21,000. based on the expected value, you should make investment a investment b neither investment a nor investment b

if you make a $100,000 - based on the expected value of each, which investment should you make? the expected value of investment a is $15,000. the expected value of investment b is $21,000. based on the expected value, you should make investment a investment b neither investment a nor investment b

Answer

Explanation:

Step1: Compare expected values

We compare the expected value of investment A ($15,000) and investment B ($21,000).

Step2: Select higher - value investment

Since $21,000>15,000$, investment B has a higher expected value.

Answer:

investment B