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Mathematics, 11.05.2021 18:20 ExclusiveNay

A manufacturer is considering building a new and better mousetrap. She estimates the probability that the new mousetrap will be successful is 3/4. If it is successful, it would be able to make $120,000. Of course, she would make nothing if it were unsuccessful. The development costs for the mousetrap are $98,000. What is the expected value? $22,000
-$32,000
-$8,000
$8,000

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A manufacturer is considering building a new and better mousetrap. She estimates the probability tha...
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