Interpretation An investment opportunity boasts that the chance of doubling your money in 3 years is 95%.

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Interpretation An investment opportunity boasts that the chance of doubling your money in 3 years is 95%. However, when you research the details of the investment, you estimate that there is a 3% chance that you could lose the entire investment. Based on this information, are you certain to make money on this investment? Are there risks in this investment opportunity?

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Related Book For  book-img-for-question

Understanding Basic Statistics

ISBN: 9781305548893

7th Edition

Authors: Charles Henry Brase, Corrinne Pellillo Brase

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