Genesis wants to invest his money in a fast food restaurant. There is a 38% chance of losing P400,000, a 30% chance of making a profit of P550,000, and a 32% chance of getting a break even. Based on these information, should Genesis invest his money in the fast food restautant?

A First Course in Probability (10th Edition)
10th Edition
ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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Genesis wants to invest his money in a fast food restaurant. There is a 38% chance of losing P400,000, a 30% chance of making a profit of P550,000, and a 32% chance of getting a break even. Based on these information, should Genesis invest his money in the fast food restautant?

X.
p(x
ー400 ODD
0.38
Š50 000
0.30
0.32
Transcribed Image Text:X. p(x ー400 ODD 0.38 Š50 000 0.30 0.32
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