A construction company plans to invest in a building project. There is a 30% chance that the company will lose $30,000, a 40% ch ance of a break even, and a 30% chance of a $60,000 profit. Based ONLY on this information, what should the company do?
1 answer:
30% chance of losing money.
40% chance of breaking even
Added together = 70% of not making any money or losing money.
Only a 30% chance of making money.
The company should not invest, since they only have a 30% chance of making money.
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