[1%] EXPECTED VALUE: A company has produced a new line of sweetener that it plans to market. They es
Question: [1%] EXPECTED VALUE: A company has produced a new line of sweetener that it plans to market. They estimate a 30% probability of losing 50k, a 20% probability of gaining 20k and a 50% probability of earning 100k. Compute the expected value of their profit / loss if they launch the sweetener.
| Profit | Probability |
| $- 50,000 | .30 |
| $ 20,000 | .20 |
| $100,000 | .50 |
Price: $2.99
Solution: The solution consists of 2 pages
Deliverables: Word Document
Deliverables: Word Document
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