An investor is considering a $25,000 investment in a start-up company. She estimates that she...
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An investor is considering a $25,000 investment in a start-up company. She estimates that she hasprobability 0.15 of a $15,000 loss, probability 0.05 of a $25,000 loss, probability 0.3 of a $30,000profit, and probability 0.5 of breaking even (a profit of $0). What is the expected value of the profit?A problem like this is in the notes.$18000$12500$5500-$3333
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