Solution-What is the expected profit

What is the expected profit

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Start up company she estimates she has probability of 0.25 of a $36,668 loss, probability 0.20, of a $19,498, profit probability 0.15 of a $49,653 profit, and probability 0.40 of breaking even zero profit. What is the expected profit?

Reference no: EM131753366

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What is the expected profit : Start up company she estimates she has probability of 0.25 of a $36,668 loss, probability 0.20, of a $19,498, profit probability 0.15 of a $49,653 profit

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What is the expected profit

Reference no: EM131753366

Reference no: EM131753366

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