Determine the expected value of the profit


An investor is considering investment in start-up company. She determines that she has probability 0.25 of a $ 39,739 loss, probability 0.20 of $ 19,759 profit, probability 0.15 of a $ 49,068 profit, and probability 0.40 of breaking even (a profit of $0). Determine the expected value of the profit?

Write only a number as your answer. Round to the nearest whole number.

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Basic Statistics: Determine the expected value of the profit
Reference No:- TGS0872511

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