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A1 Instruction: Instruction The table consists of information about 2 competing investments Project A Project B Probability 5.0% 50.0% 30.0% 15.0% 100% Profit $20.00 $40.00
A1 Instruction: Instruction The table consists of information about 2 competing investments Project A Project B Probability 5.0% 50.0% 30.0% 15.0% 100% Profit $20.00 $40.00 $60.00 $80.00 Expected Value Profit $50.00 $20.00 $75.00 $100.00 Economy Expected Value Weak OK Good Excellent 6 8 Part 1 - calculate the expected value for each project. part 2 - which do you select? Why? 13 Size it Solve It! Clear it
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