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An investor is considering an investment in a start-up company. She estimates that she has probability 0.25 of a $ 38,311 loss, probability 0.20 of a $ 18,269 profit, probability 0.15 of a $ 47,497 profit, and probability 0.40 of breaking even (a profit of $0). What is the expected value of the profit? 

Write only a number as your answer. Round to the nearest whole number.

    • Posted: 5 years ago
    • Due: 
    • Budget: $20
    Answers 1
    • random variable
      Answer rating:5Stars out of2ratings

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