Business, 24.10.2019 03:00 angelmosby9

You can invest $100,000 into either project a or b. you estimate that a succeeds with probability 0.7 in which case it doubles in value. if it fails, the scrap value is worth $50,000. project b succeeds with probability 0.6, has value $150,000 if it succeeds and value of $30,000 if not. you should invest in project a you should invest in project b you should not invest in either you cannot tell from the information presented

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You can invest $100,000 into either project a or b. you estimate that a succeeds with probability 0....

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