Question
An investor is considering an investment in a start-up company. She estimates that she has probability 0.25 of a $ 39,444 loss, probability 0.20 of
An investor is considering an investment in a start-up company. She estimates that she has probability 0.25 of a $ 39,444 loss, probability 0.20 of a $ 19,154 profit, probability 0.15 of a $ 48,740 profit, and probability 0.40 of breaking even (a profit of $0). What is the expected value of the profit? Write only a number as your answer. Round to the nearest whole number.Your Answer:
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Linear Algebra With Applications
Authors: Jeffrey Holt
2nd Edition
1319057691, 9781319057695
