Mathematics, 10.11.2019 06:31 kitam2871
An investor is considering a $10,000 investment in a start-up company. she es; mates that she has probability 0.25 of a $20,000 loss, probability 0.20 of a $10,000 profit, probability 0.15 of a $50,000 profit, and probability 0.40 of breaking even (a profit of $0). what is the expected value of the profit? would you advise the investor to make the investment?
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An investor is considering a $10,000 investment in a start-up company. she es; mates that she has pr...
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