. Question 3

Question 3 A venture capitalist, willing to invest Sl has three investments to choose from. The first investment, a software company, has a 8% chance of returning profit, a chance of returning profit, and a chance of losing the million dollars. The second company, a hardware company, has a 9% chance of returning Sl 1,000,000 profit, a chance of returning Sl profit, and a chance of losing the million dollars. The third company, a biotech firm, has a chance of returning profit, a 18% of no profit or loss, and a 77% chance of losing the million dollars. Order the expected values from smallest to largest. C) first, second, third C) third, first, second C) second, third, first C) second, first, third C) first, third, second C) third, second, first