- #1
Kombaiyashii
- 5
- 0
What is up people?
I was wondering if you could help me find exactly what's the type of math I need to do solve these kinds of problems...
Let's say I have 65% chance of my business being a complete success and had $200,000, how do I work out the optimal amount to put into the business?
Or
If I had a 75% chance that my team was going to win the game and I had $200 to spare, what would be the optimal amount to put on my team to win that will offer the best rate of return and minimise potential losses?
This isn't homework or anything, I'm actually 27 and haven't done math for years. So I was wondering what would be the branch of mathematics that covers these problems? Also could you suggest a good website or books to learn this kind of math.
Thanks very much,
Komb
I was wondering if you could help me find exactly what's the type of math I need to do solve these kinds of problems...
Let's say I have 65% chance of my business being a complete success and had $200,000, how do I work out the optimal amount to put into the business?
Or
If I had a 75% chance that my team was going to win the game and I had $200 to spare, what would be the optimal amount to put on my team to win that will offer the best rate of return and minimise potential losses?
This isn't homework or anything, I'm actually 27 and haven't done math for years. So I was wondering what would be the branch of mathematics that covers these problems? Also could you suggest a good website or books to learn this kind of math.
Thanks very much,
Komb