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Mathematics, 02.02.2021 22:40 dogisreallyeggroll

An IT company plans to invest in a new game app for smart phones. Suppose there is a 20% chance that the company will lose $100,000, a 40% chance it will lose $75,000, and a 40% chance of a $250,000 profit. Based ONLY on this information, should the IT company invest in the app? A) The expected value is $50,000.00 -- the company should invest in the app. B) The expected value is $100,000.00 -- the company should invest in the app. The expected value is -$50,000 00 - the company should not invest in the app. The expected value is - $100,000.00 -- the company should not invest in the app

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An IT company plans to invest in a new game app for smart phones. Suppose there is a 20% chance that...

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