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What is the expected value of the profit

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Reference no: EM132401499

An investor is considering a $ 10,000 investment in a start-up company. She estimates that she has probability 0.25 of a $ 20,000 loss, probability 0.20 of a $ 10,000 profit, probability 0.15 of a $ 50,000 profit, and probability 0.40 of breaking even. What is the expected value of the profit?

Reference no: EM132401499

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