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23 Pages

### FIN4453Chapter12

Course: FIN 4453, Fall 2008
School: UCF
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Word Count: 896

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12 Chapter Risk &amp; Diversification Risk Possibility of a loss Difficult concept to define Focus on possibility of a financial loss The larger the possibility of loss, the larger the risk Some Statistical Concepts Discrete Distribution vs. Continuous Distribution Expected Value Weighted average of all possible outcomes where the weights are the probabilities of occurrence Most likely outcome E(...

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12 Chapter Risk & Diversification Risk Possibility of a loss Difficult concept to define Focus on possibility of a financial loss The larger the possibility of loss, the larger the risk Some Statistical Concepts Discrete Distribution vs. Continuous Distribution Expected Value Weighted average of all possible outcomes where the weights are the probabilities of occurrence Most likely outcome E( X ) = N t =1 t X t where E(X) is the expected or most likely X, Xt is the tth possible outcome, and is the probability that Xt will occur Example ...
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