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Bollywood star Rajkummar Rao is considering opening a small Bollywood gifts & memorabilia store in Queens St. W Toronto. His options are to open a
Bollywood star Rajkummar Rao is considering opening a small Bollywood gifts & memorabilia store in Queens St. W Toronto. His options are to open a small store, or to sell his inventory online only. The profit or loss for his options are given in the table below and depend on the market condition. Market condition Good Market Average market Bad market Open Small store 75.000 25,000 -40.000 Sell online only 68,600 28,000 -10.000 What will be the probability of experiencing good market, given the probability of bad market is 15% and that Rao is indifferent between choosing either option
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