Answer:
You should invest in project
Step-by-step explanation:
We calcualte the expected project value by weigh each outcome with their probability of occurence:
Project A
0.7 x 200,000 = 140,000
0.3 x 50,000 = 15,000
155,000
Project B
0.6 x 150,000 = 90,000
0.4 x 30,000 = 12,000
102,000
I would invest in project A as the expected value is greater than project B