George Lends $200,000 for Each New Idea

question 60

Multiple Choice

George lends $200,000 for each new idea.George's history is that he selects low-risk projects or ideas that hit 80% of the time.What rate of return must each successful project pay George for him to break even?

• A)20.50%
• B)22.00%
• C)23.50%
• D)25.00%

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Definitions:

Patient Customer

Individuals who require and receive services or care in a healthcare setting, emphasizing the need for patience in service delivery.

Waiting Line

A waiting line, or queue, is a sequence of people or items awaiting service or processing in various settings, such as in banks, shops, or production systems.

Discrete Probability

The mathematical study of probability where the outcome is determined from a set of distinct, separate values.