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 &

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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) About Me  (Show Source):
You can put this solution on YOUR website!
E = .75($75000) - .25($75000) = .50($75000)