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Mathematics, 29.01.2020 08:55 tottresstrinity
An antique painting has a 40% chance of increasing in value by $10,000 and a 60% chance of decreasing in value by $5000. based on this information, would you recommend investing in the painting?
a. no, the expected value of the painting's worth is a decrease of $500.
b. no, the expected value of the painting's worth is a decrease of $1000.
c. yes, the expected value of the painting's worth is an increase of $500.
d. yes, the expected value of the painting's worth is an increase of $1000.
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