In: Statistics and Probability
A venture capitalist, willing to invest $1,000,000, has three investments to choose from. The first investment, a software company, has a 6% chance of returning $7,000,000 profit, a 42% chance of returning $1,000,000 profit, and a 52% chance of losing the million dollars. The second company, a hardware company, has a 14% chance of returning $6,000,000 profit, a 41% chance of returning $500,000 profit, and a 45% chance of losing the million dollars. The third company, a biotech firm, has a 15% chance of returning $10,000,000 profit, a 36% of no profit or loss, and a 49% chance of losing the million dollars. Order the expected values from smallest to largest.
first, second, third/ third, first, second/ first, third, second/ third, second, first/ second, first, third/ second, third, first