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Business, 19.03.2021 06:20 Ididntwanttomakethis

A new product has the following profit projections and associated probabilities: Use the expected value approach to decide whether to market the new product. EV: $ fill in the blank 1 Because of the high dollar values involved, especially the possibility of a $100,000 loss, the marketing vice president has expressed some concern about the use of the expected value approach. As a consequence, if a utility analysis is performed, what is the appropriate lottery

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