Business

Business, 22.07.2019 20:20, lornalamkin

There is a 0.25 probability that you have profits of 10, a 0.40 probability that you have profits of 15, and a 0.35 probability that your profits are 20.

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Mathematics, 06.07.2019 20:30, 1UNIDENTIFIED1

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.

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Mathematics, 10.07.2019 03:20, leilei2003

Suppose that p is a random variable equal to profits from an ice cream stand at the beach and that p has the following probability distributions: $70,000 with probability 0.05 $50,000 with probability 0.25 $30,000 with probability 0.35 $10,000 with probability 0.20 $10,000 with probability 0.15 what is the expected value of profits?

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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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