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Business, 26.02.2020 02:21 nayi2002

‍You have just decided to add a new line to you manufacturing plant. Compute the expected loss/profit from the addition if you estimate the following:
i. There is a 50% chance that profit will increase by $100,000
ii. There is a 30% chance that profit will remain the same
iii. There is a 20% chance that profit will decrease by $15,000

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‍You have just decided to add a new line to you manufacturing plant. Compute the expected loss/profi...

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