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A venture capitalist, willing to invest $1,000,000, has three investments to choose from. The first investment, a software company, has a 9% chance of returning $11,000,000 profit, a 25% chance of returning $1,000,000 profit, and a 66% chance of losing the million dollars. The second company, a hardware company, has a 15% chance of returning $4,000,000 profit, a 20% chance of returning $2,000,000 profit, and a 65% chance of losing the million dollars. The third company, a biotech firm, has a 7% chance of returning $9,000,000 profit, a 34% of no profit or loss, and a 59% chance of losing the million dollars. Order the expected values from smallest to largest.   third, second, first second, third, first second, first, third first, second, third third, first, second first, third, second

A venture capitalist, willing to invest $1,000,000, has three investments to choose from. The first investment, a software company, has a 9% chance of returning $11,000,000 profit, a 25% chance of returning $1,000,000 profit, and a 66% chance of losing the million dollars. The second company, a hardware company, has a 15% chance of returning $4,000,000 profit, a 20% chance of returning $2,000,000 profit, and a 65% chance of losing the million dollars. The third company, a biotech firm, has a 7% chance of returning $9,000,000 profit, a 34% of no profit or loss, and a 59% chance of losing the million dollars. Order the expected values from smallest to largest.   third, second, first second, third, first second, first, third first, second, third third, first, second first, third, second

Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
Glencoe Algebra 1, Student Edition, 9780079039897, 0079039898, 2018
18th Edition
ISBN:9780079039897
Author:Carter
Publisher:Carter
Chapter6: Systems Of Linear Equations And Inequalities
Section6.1: Graphing Systems Of Equations
Problem 59PFA
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A venture capitalist, willing to invest $1,000,000, has three investments to choose from. The first investment, a software company, has a 9% chance of returning $11,000,000 profit, a 25% chance of returning $1,000,000 profit, and a 66% chance of losing the million dollars. The second company, a hardware company, has a 15% chance of returning $4,000,000 profit, a 20% chance of returning $2,000,000 profit, and a 65% chance of losing the million dollars. The third company, a biotech firm, has a 7% chance of returning $9,000,000 profit, a 34% of no profit or loss, and a 59% chance of losing the million dollars.

Order the expected values from smallest to largest.

 

  • third, second, first
  • second, third, first
  • second, first, third
  • first, second, third
  • third, first, second
  • first, third, second
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