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Business, 24.03.2020 22:30 vanessaporter1545

"An investor is considering a $20,000 investment in a start-up company. She estimates that she has probability 0.25 of a $15,000 loss, probability 0.1 of a $20,000 profit, probability 0.1 of a $25,000 profit, and probability 0.55 of breaking even (a profit of $0). What is the expected value of the profit?"

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