Consider a lottery with four possible outcomes,A,B,C,and D.The associated payoffs are: A - $10,B - $30,C - $70,and D - $150.The probabilities are , , ,and The variance of this lottery is
A) 912
B) 1,824
C) 1,618
D) 3,326

Question

Consider a lottery with four possible outcomes,A,B,C,and D.The associated payoffs are: A - $10,B - $30,C - $70,and D - $150.The probabilities are  ,  ,  ,and  The variance of this lottery is
A) 912 
B) 1,824 
C) 1,618 
D) 3,326

Quizplus · Accepted Answer

The Answer of Consider a lottery with four possible outcomes,A,B,C,and D.The associated payoffs are: A - $10,B - $30,C - $70,and D - $150.The probabilities are  ,  ,  ,and  The variance of this lottery is
A) 912 
B) 1,824 
C) 1,618 
D) 3,326

Consider a Lottery with Four Possible Outcomes,A,B,C,and D