Question
Yolanda asks you to pair a probability of occurrence with a particular outcome (e.g. the probability of a loss of 50,000 is 25%). The probabilities
Yolanda asks you to pair a probability of occurrence with a particular outcome (e.g. the probability of a loss of 50,000 is 25%). The probabilities and outcomes represent the set of all possible events and their probabilities.
Prob Outcomes
0.40 -45000
0.60 -60000
Pair the two probabilities and outcomes that lead to the lowest risk of loss.
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Real Analysis
Authors: N L Carothers
1st Edition
1139632434, 9781139632430
