Mathematics, 09.10.2021 09:00 jholland03
Paul is investing $100,000 in a new business venture. He expects that he will double his investment if the business venture is successful. On the other hand, he will lose $60,000 from the investment if the venture fails. If the probability of "success" is 80% and the probability of "failure" is 20%, what is the expected value from the investment? (Do not include the initial investment in your calculation.)
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Paul is investing $100,000 in a new business venture. He expects that he will double his investment...
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