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Order the answer to: A man wants to determine whether

Academic Help business economics Order the answer to: A man wants to determine whether

business economics

Order the answer to: A man wants to determine whether

Question A man wants to determine whether or not to invest $1000 in a friend’s speculative venture. He will do so if he thinks he can get his money back in one year. He believes the probabilities of the various outcomes at the end of one year are as follows: $2000 (double his money)…………………….0.3 1500……………………………………………………..0.1 1000…………………………………………………….0.2 500……………………………………………………….0.3 0 (lose everything)………………………………….01 What would be his expected outcome if he invests the $1000?’
Subject business economics
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