What would be the expected outcome if investment is given

Reference no: EM13218635

a man wants to decide whether to invest $1000 in a friends 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: Result/probability $2000/.3, $1500/.1 $1000/.2, $500/.3 0/.1 what would be his expected outcome if he invests the $1000?

Reference no: EM13218635

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