- 5 In A Proposed Business Venture A Company Estimates That There Is A 60 Chance The Company Will Make 80 000 And A 40 1 (35.79 KiB) Viewed 89 times
5. In a proposed business venture, a company estimates that there is a 60% chance the company will make $80,000 and a 40
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5. In a proposed business venture, a company estimates that there is a 60% chance the company will make $80,000 and a 40
5. In a proposed business venture, a company estimates that there is a 60% chance the company will make $80,000 and a 40% chance the company will lose $20,000. Determine the expected value for the company. 6. The Triple L Investment Club is considering purchasing a certain stock. After considerable research, the club members determine that there is a 60% chance of making $10,000, a 10% chance of breaking even, and a 30% chance of losing $25,000. Determine the expected value of this purchase.