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Business, 24.05.2021 18:00 bthakkar25

A man wants to decide whether to invest $1000 in a friend's speculative venture. He will do so if he thinks he can get his money back in one year. He believes the probabilities of the various outcomes at the end of one year are as follows: Result probability
$2000 .3,
$1500 .1
$1000 .2,
$500 .3
$0 .1
What would be his expected outcome if he invests the $1000?

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A man wants to decide whether to invest $1000 in a friend's speculative venture. He will do so if he...
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