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Scenario 5.3: Wanting to invest in the computer games industry, you select Whizbo, Yowzo and Zowiebo as the three best firms. Over the past
Scenario 5.3: Wanting to invest in the computer games industry, you select Whizbo, Yowzo and Zowiebo as the three best firms. Over the past 10 years, the three firms have had good years and bad years. The following table shows their performance: Company Whizbo Yowzo Zowiebo OO 1/31 30/31 Refer to Scenario 5.3. Based on the 10 years' past performance, what is the probability of a good year for Zowiebo? 0.1 Good Year Revenue $8 million $10 million $30 million 0.9 Bad Year Revenue $6 million $4 million $1 million Number of Good Years 8 4 1
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