A developer can buy a piece of property
that will produce a profit of $16,000 with probability
.7, or a loss of $9000 with probability .3. What is the
expected profit?
1 answer
16000(.7) - 9000(.3) = ....
that will produce a profit of $16,000 with probability
.7, or a loss of $9000 with probability .3. What is the
expected profit?
1 answer
1 answer
1 answer
1 answer
1 answer