What are the expected value and the variance, Microeconomics

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What are the expected value and the variance

Problem

By next year, the stock you own has a 25% chance of being worth $400 and a 75% probability of being worth $200. What are the expected value and the variance?

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.

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