F4 due 2-2-18.xlsx

F4 due 2-2-18.xlsx - Decisions Expensive Medium Inexpensive...

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Decisions Improves Stays the Same Gets Worse Expensive 80,000 40,000 10,000 Medium 40,000 60,000 70,000 Inexpensive 10,000 30,000 60,000 MAX 80,000 60,000 70,000 Probability 0.2 0.7 0.1 A. Compute the expected value for each investment. Which investment is the best?
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  • Spring '18
  • Probability theory, Blaise Pascal, hese, hese probabilities

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