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A) is lower the higher the risk.
B) is the sum of the probability multiplied by the payoff of each of the possible payoffs.
C) cannot be priced.
D) are benchmarks against which quantifiable risks can be assessed
Yes, Option B is the right answer.
B.) is the sum of the probability multiplied by the payoff of each of the possible payoffs
option b===================
I agree, B is the correct answer for the question
the expected value (EV) of a random variable is the weighted average of all possible values a random variable can take on.
