The probability of profiting $5.2 million is 5% = 0.05
The probability of profiting $0.9 million is 50% = 0.5
The probability of breaking even, meaning no profit gain, is 45% = 0.45
Expected profit values of the CD is given by
(0.05×5.2) + (0.5×0.9) + (0.45×0) = 0.26+0.45+0 = 0.71 million
Answer: 63%
Step-by-step explanation:
Divide 126/200
Yes it x2 is a factor because at some point and time 2x would cross 4x
