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You want to invest in a hot dog stand

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solution


Question

You want to invest in a hot dog stand near the ball park. You have a 0.35 probability that you can turn your current $15,000 into $50,000 and a 0.65 probability that fierce competition will drive you to ruin, losing all your money. If you decide not to enter, you keep you $15,000. Would you enter the market?

 

Paper#33160 | Written in 18-Jul-2015

Price : $22
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