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An investment offers the chances of various returns for each of three years as follows: Return: £30

Question: An investment offers the chances of various returns for each of three years as follows:

Return: £30,000 £40,000

Year
1 0.7 0.3
2 0.5 0.5
3 0.6 0.4

How likely is the total return to be £100,000 or more? [4 marks]

Price: $2.99
Answer: The solution consists of 1 page
Type of Deliverable: Word Document


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