Ask a New Question

Question

You are in business and you are given two opportunities. The first you will have to invest $5,000 but you could earn $25,000 less your initial investment. The second you only have to invest $2000 but then you will earn $10,000 less your investment. The probability of getting the $25,000 opportunity is 3/10 while the probability of getting the $10000 opportunity is 2/5. Which should you choose based on expected values?
12 years ago

Answers

Alexander
2/5
12 years ago

Related Questions

A = P + Prt; P (business) How is your business lately? 1. Not so good, I'm afraid. 2. Not so good, I'm sorry. -------------... Which of the following businesses is compelled by Companies and Intellectual Property Commission to... business provides the following information: Debtors account balance K 8 000 Bad debts to be writt... I have a Business name already legally registered as Busitech Solutions it deals with I.C.T and I.T... I have a Business name already legally registered as Busitech Solutions it deals with I.C.T and I.T... What are all of the business structures Over the course of the business cycle, what happens to government tax revenues in order to stabilize... A business has come up with a new logo for the company and they want to protect the logo as part of...
Ask a New Question
Archives Contact Us Privacy Policy Terms of Use