Question
A venture capitalist, willing to invest $1,000,000, has three investments to choose from. The first investment, a software company, has a 11% chance of returning
A venture capitalist, willing to invest $1,000,000, has three investments to choose from. The first investment, a software company, has a 11% chance of returning $10,000,000 profit, a 45% chance of returning $2,500,000 profit, and a 44% chance of losing the million dollars. The second company, a hardware company, has a 10% chance of returning $10,000,000 profit, a 44% chance of returning $1,000,000 profit, and a 46% chance of losing the million dollars. The third company, a biotech firm, has a 12% chance of returning $6,000,000 profit, a 29% of no profit or loss, and a 59% chance of losing the million dollars.Order the expected values from smallest to largest.third, first, secondsecond, third, firstthird, second, firstfirst, third, secondsecond, first, thirdfirst, second, third
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