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An investment in Project A will result in a loss of $ 3 0 , 0 0 0 with probability 0 . 2 0 ,
An investment in Project A will result in a loss of $ with probability break even with probability or result in a profit of $ with probability An investment in Project B will result in a loss of $ with probability break even with probability or result in a profit of $ with probability Which investment is better? points
The local Veteran Club runs a raffle. A ticket cost $$ One thousand tickets are sold. There is one first prize, a $ car. There are two second prizes of $ tractors. There are six third prizes of $ laptop and ten fourth prizes of $ipad. What is the expected value of your winnings if you buy one ticket in this lottery? points
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