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Mathematics, 01.08.2019 21:30 kdencemartin
Will give brainliest! claire is considering investing in a new business. in the first year, there is a probability of 0.2 that the new business will lose $10,000, a probability of 0.4 that the new business will break even ($0 loss or gain), a probability of 0.3 that the new business will make $5,000 in profits, and a probability of 0.1 that the new business will make $8,000 in profits. a. claire should invest in the company if she makes a profit. should she invest? explain using expected values. b. if claire’s initial investment is $1,200 and the expected value for the new business stays constant, how many years will it take for her to earn back her initial investment?
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