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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?

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?
asked 211k views
15 votes
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?

asked
User Israel Kusayev
by
8.1k points

1 Answer

11 votes

Answer:

10 million

sorry if im wrong

Step-by-step explanation:

answered
User David Lukas
by
8.3k points
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