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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
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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Yuki
 5 years ago
Best ResponseYou've already chosen the best response.0to find the expected value, you just multiply the percentage with the outcome

Yuki
 5 years ago
Best ResponseYou've already chosen the best response.0so it's .45(60,000) + .55(60,000)

Yuki
 5 years ago
Best ResponseYou've already chosen the best response.0as you can see, the probability of losing money is higher, so you "expect" to lose money
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