Question
A person is considering investing in a startup company. There are 3 possible outcomes being considered. Probability of company failing within 2 years is
A person is considering investing in a startup company. There are 3 possible outcomes being considered. Probability of company failing within 2 years is 30%. 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 the probability distribution table showing each possible outcome and the probability for each outcome. Failing Grows Sold Prob Insert %
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Entrepreneurial Finance
Authors: J . chris leach, Ronald w. melicher
4th edition
538478152, 978-0538478151
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