An investor is considering a$15,000investment in a start-up company. She estimates that she hasprobability0.1of a$10,000loss, probability 0.05 of a$20,000profit, a probability 0.3 of a $30,000 profit, and a probability 0.55 of breaking even (a profit of $0). What is the expected value of the profit?

An investor is considering a$15,000investment in a start-up company. She estimates that she hasprobability0.1of a$10,000loss, probability 0.05 of a$20,000profit, a probability 0.3 of a $30,000 profit, and a probability 0.55 of breaking even (a profit of $0). What is the expected value of the profit?

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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