Question

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

Answer 1

what's the rest 5% ?

Answer 2

oops, nvm

Answer 3

to find the expected value, you just multiply the percentage with the outcome

Answer 4

so it's

.45(60,000) + .55(-60,000)

Answer 5

as you can see, the probability of losing money is higher,
so you "expect" to lose money

Answer 6

so 3630?

Answer 7

-6?