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Calculate fiam expected profit

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Reference no: EM131106865

Fiam Industries projects the following revenues from their competitor's possible strategies choices:

Competitor's Strategy

Probability of Competitor's Strategy 

Fiam's Revenue ($millions)

Expand Production

0.19

1,187.1

Reduce Production

0.2

3,005.6

Fiam projects revenue of $2,428 million if their competitor's production is unchanged.

Further, Fiam Industries faces altered total cost due to potential government regulations. They believe that new regulations will be imposed with a probability of 0.1. These new regulations will result in a total cost of $1,532.4 million.If the regulations remain unchanged, then Fiam projects a total cost of $981.1 million.

Calculate Fiam's expected profit. Round your answer to one decimal.

Reference no: EM131106865

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