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Business projection: An investor is considering an investment in a start-up company. She estimates that she has probability 0.39 of a $11,800 loss, probability 0.23 of a $8300 profit, probability 0.19 of a $51,000 profit, and probability 0.19 of breaking even (a profit of $0). What is the expected value of the profit? Would you advise the investor to make the investment? 00 Part: 0/2 Part 1 of 2 The expected value of the profit is $ X 局 000

Business projection: An investor is considering an investment in a start-up company. She estimates that she has probability 0.39 of a $11,800 loss, probability 0.23 of a $8300 profit, probability 0.19 of a $51,000 profit, and probability 0.19 of breaking even (a profit of $0). What is the expected value of the profit? Would you advise the investor to make the investment? 00 Part: 0/2 Part 1 of 2 The expected value of the profit is $ X 局 000

MATLAB: An Introduction with Applications
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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Business projection: An investor is considering an investment in a start-up company. She estimates that she has probability 0.39 of a $11,800 loss, probability 0.23 of a $8300 profit, probability 0.19 of a $51,000 profit, and probability 0.19 of breaking even (a profit of $0). What is the expected value of the profit? Would you advise the investor to make the investment? Part: 0/2 Part 1 of 2 The expected value of the profit is $ X G B
Transcribed Image Text:Business projection: An investor is considering an investment in a start-up company. She estimates that she has probability 0.39 of a $11,800 loss, probability 0.23 of a $8300 profit, probability 0.19 of a $51,000 profit, and probability 0.19 of breaking even (a profit of $0). What is the expected value of the profit? Would you advise the investor to make the investment? Part: 0/2 Part 1 of 2 The expected value of the profit is $ X G B
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