Business projection: An investor is considering an investment in a start-up company. She estimates that she has probabil
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Business projection: An investor is considering an investment in a start-up company. She estimates that she has probabil
company. She estimates that she has probability 0.39 of a $16,600 loss, probability 0.23 of a $7600 profit, probability 0.13 of a $36,000 profit, and probability 0.25 of breaking even (a profit of $0). What is the expected value of the profit? Would you advise the investor to make the investment? Part: 0 / 2 Part 1 of 2 The expected value of the profit is $
Business projection: An investor is considering an investment in a start-up