A venture capitalist, willing to invest $1,000,000, has three investments to choose from. The first investment, a software company, has a 15% chance of returning $11,000,000 profit, a 31% chance of returning $2,000,000 profit, and a 54% chance of losing the million dollars. The second company, a hardware company, has a 16% chance of returning $9,000,000 profit, a 26% chance of returning $1,000,000 profit, and a 58% chance of losing the million dollars. The third company, a biotech firm, has a 13% chance of returning $6,000,000 profit, a 32% of no profit or loss, and a 55% chance of losing the million dollars. Order the expected values from smallest to largest. first, third, second first, second, third third, first, second third, second, first O second, first, third second, third, first O O O O O0

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Question 2
A venture capitalist, willing to invest $1,000,000, has three investments to choose from. The first investment,
a software company, has a 15% chance of returning $11,000,000 profit, a 31% chance of returning $2,000,000
profit, and a 54% chance of losing the million dollars. The second company, a hardware company, has a 16%
chance of returning $9,000,000 profit, a 26% chance of returning $1,000,000 profit, and a 58% chance of losing
the million dollars. The third company, a biotech firm, has a 13% chance of returning $6,000,000 profit, a 32%
of no profit or loss, and a 55% chance of losing the million dollars.
Order the expected values from smallest to largest.
O first, third, second
Ofirst, second, third
Othird, first, second
O third, second, first
second, first, third
O second, third, first
Hint:
Hint
Video on Expected Value [+]
Transcribed Image Text:Question 2 A venture capitalist, willing to invest $1,000,000, has three investments to choose from. The first investment, a software company, has a 15% chance of returning $11,000,000 profit, a 31% chance of returning $2,000,000 profit, and a 54% chance of losing the million dollars. The second company, a hardware company, has a 16% chance of returning $9,000,000 profit, a 26% chance of returning $1,000,000 profit, and a 58% chance of losing the million dollars. The third company, a biotech firm, has a 13% chance of returning $6,000,000 profit, a 32% of no profit or loss, and a 55% chance of losing the million dollars. Order the expected values from smallest to largest. O first, third, second Ofirst, second, third Othird, first, second O third, second, first second, first, third O second, third, first Hint: Hint Video on Expected Value [+]
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