A speculator evaluating a particular investment concludes that, if the company's balance sheet claims are true, the speculator's profit will be $\$ 15,000$, and if the company's balance sheet claims are false, he will lose $\$ 5,000$. If he makes no investmentrbethas no or loss.
-Suppose that the speculator's accountant feels that the spectator rates the accuracy of the balance sheet claims too low, that the probabilities of the claims being true or false are 0.30 and 0.70 . Would it affect the speculator's decision if he assigned these probabilities to the two events?

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The Answer of A speculator evaluating a particular investment concludes that, if the company's balance sheet claims are true, the speculator's profit will be $\$ 15,000$, and if the company's balance sheet claims are false, he will lose $\$ 5,000$. If he makes no investmentrbethas no or loss.
-Suppose that the speculator's accountant feels that the spectator rates the accuracy of the balance sheet claims too low, that the probabilities of the claims being true or false are 0.30 and 0.70 . Would it affect the speculator's decision if he assigned these probabilities to the two events?

A Speculator Evaluating a Particular Investment Concludes That, If the Company's