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3 years ago

5

There is a 40% chance that you will loose $25,000 if you invest in a company. But there is a 25% chance that you will break even

and a 35% chance that you will make $40,000. What is the epected value of the investment?

1 answer:

kenny6666 [7]3 years ago

6 0

$E[x] = \sum{p_i*x_i}$
=0.4(-25000)+0.25*0+0.35(40000)
=-10000+0+14000
=+4000

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