Mathematics, 01.03.2021 21:50 ksawyer745
Business projection: An investor is considering a $10,000 investment in a start-up company. She estimates that she has probability 0.38 of a $19,400 loss, probability 0.27 of a $13,300 profit, probability 0.12 of a $41,000 profit, and probability 0.23 of breaking even (a profit of $0).
What is the expected value of the profit?
Would you advise the investor to make the investment?
Answers: 1
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Business projection: An investor is considering a $10,000 investment in a start-up company. She esti...
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