You are considering an investment which gives you a 13% chance of making $60,000, a 55% chance of breaking even, and a 3

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answerhappygod
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You are considering an investment which gives you a 13% chance of making $60,000, a 55% chance of breaking even, and a 3

Post by answerhappygod »

You are considering an investment which gives you a 13% chance
of making $60,000, a 55% chance of breaking even, and a 32% chance
of losing $30,000. Should you invest? Expected Value (as a monetary
value) = Is this a wise investment?
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