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What is the expected value of the profit

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An investor is considering a 10,000 investment in a start up company. She estimates that she has a probability 0.38 of a 14,000 dollar loss, probability 0.20 of a 6,000 profit, probability 0.12 of a 38,000 profit, and probability 0.3 of breaking even (a profit of 0). What is the expected Value of the profit? Would you advise the investor to make the investment?

Reference no: EM132495043

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