Question
Laura is going to invest in a business. There is a 50% chance that she will make $22000, a 40% chance that she will lose
Laura is going to invest in a business. There is a 50% chance that she will make $22000, a 40% chance that she will lose $3000, and a 10% chance that she will break even (make $0). What is the expected value for Laura's investment?
Round your answer to the nearest cent, but do not include a $ sign or the word "dollars" in your response.
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Get StartedRecommended Textbook for
Algebra and Trigonometry
Authors: Ron Larson
10th edition
9781337514255, 1337271179, 133751425X, 978-1337271172
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