What is the expected payoff of an investment that yields


What is the expected payoff of an investment that yields $1,000,000 with a probability of 0.001 and $0 with a probability of 0.999?

  • $1,000,000
  • $500,000
  • $1,000
  • $10,000

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Business Management: What is the expected payoff of an investment that yields
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