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Mathematics, 08.02.2021 16:40 cheesecake1919
A venture capitalist, willing to invest $1,000,000, has three investments to choose from. The first investment, a software company, has a 6% chance of returning $8,000,000 profit, a 41% chance of returning $1,500,000 profit, and a 53% chance of losing the million dollars. The second company, a hardware company, has a 15% chance of returning $5,000,000 profit, a 44% chance of returning $3,000,000 profit, and a 41% chance of losing the million dollars. The third company, a biotech firm, has a 10% chance of returning $11,000,000 profit, a 36% of no profit or loss, and a 54% chance of losing the million dollars.
Order the expected values from smallest to largest.
second, third, first
third, first, second
second, first, third
first, third, second
third, second, first
first, second, third
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A venture capitalist, willing to invest $1,000,000, has three investments to choose from. The first...
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