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Mathematics, 24.11.2019 15:31 davidaagurto

Acd has a 5% chance of being a smash hit and profiting $5.2 million, a 50% chance of being a modest success and profiting $0.9 million, and a 45% chance of being a flop and breaking even. what is the expected earnings value of the cd?

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Acd has a 5% chance of being a smash hit and profiting $5.2 million, a 50% chance of being a modest...

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