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Name: A venture capitalist, willing to invest $1,000,000, has three investme
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Description: A venture capitalist, willing to invest $1,000,000, has three investments to choose from. The first investment, a software company, has a 7% chance of returning $8,000,000 profit, a 38% chance of returning $2,000,000 profit, and a 55% chance of losin

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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A venture capitalist, willing to invest $1,000,000, has three investments to choose from. The first investment, a software company, has a 7% chance of returning $8,000,000 profit, a 38% chance of returning $2,000,000 profit, and a 55% chance of losing the million dollars. The second company, a hardware company, has a 8% chance of returning $8,000,000 profit, a 43% chance of returning $500,000 profit, and a 49% chance of losing the million dollars. The third company, a biotech firm, has a 8% chance of returning $4,000,000 profit, a 35% of no profit or loss, and a 57% chance of losing the million dollars.

Order the expected values from smallest to largest.

first, third, second
second, third, first
first, second, third
second, first, third
third, first, second
third, second, first

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