Mathematics, 29.04.2021 04:10 jacob7542

An investor is planning on selling some property that she recently purchased. A real estate consulting firm determines that there is a 50% chance of making a profit of $50,000, a 30% chance of breaking even, and a 20% chance of suffering a $60,000 loss. Determine the expected value of the sale.

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An investor is planning on selling some property that she recently purchased. A real estate consulti...