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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Claire is considering investing in a new business. in the first year, there is a probability of 0.2...
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