A venture capitalist, willing to invest $1,000,000, has three investments to choose from. The first investment, a social media company, has a 20% chance of returning $7,000,000 profit, a 30% chance of returning no profit, and a 50% chance of losing the million dollars. The second company, an advertising firm has a 10% chance of returning $3,000,000 profit, a 60% chance of returning a $2,000,000 profit, and a 30% chance of losing the million dollars. The third company, a chemical company has a 40% chance of returning $3,000,000 profit, a 50% chance of no profit, and a 10% chance of losing the million dollars. a. Construct a Probability Distribution for each investment. This should be 3 separate tables (See the instructors video for how this is done) In your table the X column is the net amount of profit/loss for the venture capitalist and the P(X) column uses the decimal form of the likelihoods given above.

A venture capitalist, willing to invest $1,000,000, has three investments to choose from. The first investment, a social media company, has a 20% chance of returning $7,000,000 profit, a 30% chance of returning no profit, and a 50% chance of losing the million dollars. The second company, an advertising firm has a 10% chance of returning $3,000,000 profit, a 60% chance of returning a $2,000,000 profit, and a 30% chance of losing the million dollars. The third company, a chemical company has a 40% chance of returning $3,000,000 profit, a 50% chance of no profit, and a 10% chance of losing the million dollars. a. Construct a Probability Distribution for each investment. This should be 3 separate tables (See the instructors video for how this is done) In your table the X column is the net amount of profit/loss for the venture capitalist and the P(X) column uses the decimal form of the likelihoods given above.

Name: : A venture capitalist, willing to invest $1,000,000, has three invest
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Description: : A venture capitalist, willing to invest $1,000,000, has three investments to choose from. The first investment, a social media company, has a 20% chance of returning $7,000,000 profit, a 30% chance of returning no profit, and a 50% chance of losing

Linear Algebra: A Modern Introduction

4th Edition

ISBN:9781285463247

Author:David Poole

Publisher:David Poole

Chapter2: Systems Of Linear Equations

Section2.4: Applications

Problem 28EQ

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