SOLUTION: You are thinking about starting a new business. You do a lot of research and find that there is a 60% chance you will make $90,000, a 10% chance you will break even and a 30% chanc

Question 1117987: You are thinking about starting a new business. You do a lot of research and find that there is a 60% chance you will make $90,000, a 10% chance you will break even and a 30% chance you will lose $35,000. What is your expected value?
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!

Just do the arithmetic.

John

My calculator said it, I believe it, that settles it

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