You are considering an investment which gives you a 13% chance of making $60,000, a 55% chance of breaking even, and a 3
Posted: Mon Nov 15, 2021 9:52 am
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?
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?