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An investment in Project A will result in a loss of $30,000 with probability 0.20,...

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Accounting

An investment in Project A will result in a loss of $30,000 with probability 0.20, break even with probability 0.60, or result in a profit of $90,000 with probability 0.20. An investment in Project B will result in a loss of $85,000 with probability 0.35, break even with probability 0.5, or result in a profit of $180,000 with probability 0.15. Which investment is better? (10 points)
The local Veteran Club runs a raffle. A ticket cost $$80. One thousand tickets are sold. There is one first prize, a $30,000 car. There are two second prizes of $15,000 tractors. There are six third prizes of $2,000 laptop and ten fourth prizes of $900ipad. What is the expected value of your winnings if you buy one ticket in this lottery? (10 points)
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