Answered: A venture capitalist, willing to invest…

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 33% chance of returning $2,000,000 profit, and a 60% 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 33% chance of returning $2,000,000 profit, and a 60% chance of losing the million dollars. The second company, a hardware company, has a 15% chance of returning $5,000,000 profit, a 45% chance of returning $3,000,000 profit, and a 40% chance of losing the million dollars. The third company, a biotech firm, has a 12% chance of returning $11,000,000 profit, a 36% of no profit or loss, and a 52% chance of losing the million dollars.

Order the expected values from smallest to largest.

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