TABLE 5-7
There are two houses with almost identical characteristics available for investment in two different neighborhoods with drastically different demographic composition. The anticipated gain in value when the houses are sold in 10 years has the following probability distribution:
-Referring to Table 5-7, what is the total standard deviation of value gain if you invest in both houses?
Definitions:
Entrepreneur
An individual who creates, organizes, and operates a business venture, taking on greater than normal financial risks in order to do so.
Business
An organization or entrepreneurial entity engaged in commercial, industrial, or professional activities with the aim of generating profits by providing goods or services.
Sweat Equity
The non-monetary investment, typically in the form of labor or services, that a person contributes to a project or business.
Restaurant
A place where prepared food and drinks are sold to the public for consumption on the premises or takeout.
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