Multiple Choice
You have a project that costs $800,000.It has a 1/3 chance of paying off $3,000,000 and a 2/3 chance of paying off $0.What is the expected profit from the new project?
A) $300,000
B) $200,000
C) $100,000
D) zero
Correct Answer:
Verified
Correct Answer:
Verified
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