15-4. Hot Dog Uncertainty You want to invest in a hot dog stand near the ballpark. You...

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15-4. Hot Dog Uncertainty You want to invest in a hot dog stand near the ballpark. You have a .35 probability that you can turn your current $15,000 into $50,000 and a .65 probability that fierce competition will drive you to ruin, losing all your money. If you decide not to enter, you keep your

$15,000. Would you enter the market?

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