calihatch3 calihatch3

08-05-2024
Business

Answered

Laura is going to invest in a business.
There is a 50% chance that she will make $6000, a 40% chance that she will lose $5000, and
a 10% chance that she will break even (make $0).
What is the expected value for Laura's investment?
Round your answer to the nearest cent, but do not include a $ sign or the word "dollars" in
your response.

Answer :

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