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A person is considering investing in a startup company. There are 3 possible outcomes being considered. Probability of the company failing within 2 years is
- A person is considering investing in a startup company. There are 3 possible outcomes being considered. Probability of the company failing within 2 years is 60%.The probability the company continues to grow after 2 years is 30%. The third possibility (the one the investor is hoping for), is the company will be bought within 2 years giving the investor a large profit. Construct a probability distribution table showing each possible outcome and the probability for each outcome. (Chapter 10)
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