SOLUTION: In a proposed business venture, a businesswoman estimates there is a 75 % chance she will make $62 comma 000 and a 25 % chance she will lose &

SOLUTION: In a proposed business venture, a businesswoman estimates there is a 75 % chance she will make $62 comma 000 and a 25 % chance she will lose &

Algebra.Com

Question 1050632: In a proposed business venture, a businesswoman estimates there is a 75
%
chance she will make $62 comma 000

and a 25
%
chance she will lose $58 comma 000
.
Determine her expected value.
Answer by ewatrrr(24785) (Show Source): You can put this solution on YOUR website!
E = .75($75000) - .25($75000) = .50($75000)
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