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You want to invest in a hot dog stand near the ballpark you

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You want to invest in a hot dog stand near the ballpark. You have 0.35 proability that you can turn your currnt $15,000 into $50,000 and a 0.65 probability that fierce completion will drive you to ruin losing all your money. If you decide not to enter you keep $15,000. Would you enter the market?

Reference no: EM13378585

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