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If She Feels That There Is a 60% Chance That

Question 3

Multiple Choice

If she feels that there is a 60% chance that the new cable network will be successful, what is her expected value (per thousand "hits") of perfect information?


A) $3.40
B) $4.60
C) $8.00
D) $9.00
E) $10.00

Correct Answer:

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