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anonymous

  • 5 years ago

in a propsed bussiness woman venture, a bussiness woman predicts 45 percent chanceshe will make 60,000 and a 55 percent chance she will loose 60,000 determine her expected value

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  1. amistre64
    • 5 years ago
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    that has to do with gametheory and a matrix.... i think

  2. anonymous
    • 5 years ago
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    so how would u solve it?

  3. anonymous
    • 5 years ago
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    you just need to add the products of the probability of each outcome and their expected values. .55*60000+.45*(-60000)=6000. she expects to earn 6000, and she would if she repeated this business venture infinitely many times.

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