Math Problem Statement

d and e are 2 units. d = 1 and e = 1/16d. The probability of d being 16e is 0.6 but can go up to 32e with a probability of 0.4. If D Gives me 12% intrest and e 24 which one is better if i invest 6000d in each d and e. Convert accordingly

Solution

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Math Problem Analysis

Mathematical Concepts

Probability
Interest Rates
Expected Value

Formulas

Expected Value calculation

Theorems

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Suitable Grade Level

College