An investor is considering an investment in a start-up company. She estimates that she has probability 0.38 of a 11200 loss, probability 0.21 of a 8000 profit, probability 0.17 of a 37000 profit, and probability 0.24 of breaking even (a profit of $0). What is the expected value of the profit? Would you advise the investor to make the investment?

An investor is considering an investment in a start-up company. She estimates that she has probability 0.38 of a 11200 loss, probability 0.21 of a 8000 profit, probability 0.17 of a 37000 profit, and probability 0.24 of breaking even (a profit of $0). What is the expected value of the profit? Would you advise the investor to make the investment?

MATLAB: An Introduction with Applications

6th Edition

ISBN:9781119256830

Author:Amos Gilat

Publisher:Amos Gilat

Chapter1: Starting With Matlab

Section: Chapter Questions

Problem 1P

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