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You have a project that costs $750000. It has a 0.30 chance of paying off $3 million and a 0.70 chance of paying off nothing. What is the expected profit from the new project?
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Feb 20, 2022
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You have a project that costs $750000. It has a 0.30 chance of paying off $3 million and a 0.70 chance of paying off nothing. What is the expected profit from the new project?
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Israel Kusayev
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Answer:
10 million
sorry if im wrong
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David Lukas
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Feb 25, 2022
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David Lukas
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