​You Can Invest $100,000 into Either Project a or B

question 13

Multiple Choice

​You can invest $100,000 into either project A or B.You estimate that A would succeed with a probability of 0.6 in which case it doubles in value.If it fails,its scrap value is $50,000.Project B would succeed with probability 0.7,in which case it would have a value of $150,000.If it fails,project B's scrap value is $30,000.Which project should you invest in

• A)​Project A
• B)Project B
• C)Neither of the projects
• D)​You cannot tell from the information presented

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Definitions:

Room

An area or space within a building enclosed by walls, floor, and ceiling, used for a variety of purposes.

Punctuation

The marks used in writing that separate sentences and their elements to clarify meaning.

Grandmothers

The mothers of one's parents, often playing a significant role in family structure and the upbringing of grandchildren.

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The act of making suitable adjustments or providing space and facilities for someone or something.