Multiple Choice
There are three equally likely states of nature (High,Medium,and Low demand) .If the large factory will post profits of $50,000,$25,000,and - $10,000 under these states of nature,respectively,what is the EMV of the factory?
A) $50,000
B) $25,000
C) $28,333.33
D) $21,666.67
E) $65,000
Correct Answer:

Verified
Correct Answer:
Verified
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