Question
Each investment has 40% chance of success and a 60% chance of failure. Each investment, if successful, will have a net profit of $80,000,000. However,
Each investment has 40% chance of success and a 60% chance of failure. Each investment, if successful, will have a net profit of $80,000,000. However, each investment will lose the firm $40,000,000, if it fails. What is the probability of each possible outcome? What is the total expected profit result?
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Understanding Futures Markets
Authors: Robert Kolb, James Overdahl
6th Edition
1405134038, 9781405134033
