Business projection: An investor is considering an investment in a start-up company. She estimates that she has probability 0.39 of a $22,400 loss, probability 0.28 of a $10,000 profit, probability 0.13 of a $34,000 profit, and probability 0.2 of breaking even (a profit of $0 ). What is the expected value of the profit? Would you advise the investor to make the investment? The expected value of the profit is $
Business projection: An investor is considering an investment in a start-up company. She estimates that she has probability 0.39 of a $22,400 loss, probability 0.28 of a $10,000 profit, probability 0.13 of a $34,000 profit, and probability 0.2 of breaking even (a profit of $0 ). What is the expected value of the profit? Would you advise the investor to make the investment? The expected value of the profit is $
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
Related questions
Question
Business projection: An investor is considering an investment in a start-up company. She estimates that she has
0.39
of a
$22,400
loss, probability
0.28
of a
$10,000
profit, probability
0.13
of a
$34,000
profit, and probability
0.2
of breaking even (a profit of
$0
). What is the
|
The expected value of the profit is
$
|
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