Math Problem Statement
State of Economy Probability (%) Fund Returns (%)
Rapid expansion and recovery 10 100
Modest growth 35 45
Continued recession 40 20
Falls into depression 15 -100
Solution
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Math Problem Analysis
Mathematical Concepts
Probability
Expected Value
Formulas
Expected Return = Σ (Probability × Fund Return)
Theorems
Law of Total Probability
Suitable Grade Level
Grades 9-12
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