Problem
Bellville Electric Company may invest in new power-switching equipment. The net PW of the three possible outcomes are $3430, $5870, and $6210. The probabilities of each outcome are .50, .30, and .20, respectively. Calculate the expected return and risk associated with this proposal.
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.