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Mathematics, 13.01.2021 22:10 gnarlyjordan

1 point A business evaluates a proposed venture as follows. It stands to make a profit of $25,000
with probability 1/3, to make a profit of $8000 with probability 1/4, to break even with
probability 1/6, and to lose $9000 with probability 1/4. The expected profit in dollars is
$6,000
1
2.
$14,000
$12,583
3
$8,083
$ 10,500
4
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6

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Answers: 3

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1 point A business evaluates a proposed venture as follows. It stands to make a profit of $25,000
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